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Aramco Eyes Multi-Billion Dollar Asset Sell-Off
24 Nov
Summary
- Saudi Aramco is exploring multi-billion dollar asset sales.
- Potential sales include oil export terminals and real estate.
- Deals could exceed $10 billion, marking largest disposals ever.
Saudi Aramco is reportedly exploring significant asset sales, with potential disposals of stakes in its oil export and storage terminals, as well as its real estate portfolio. These transactions could raise billions of dollars and represent the company's largest ever divestments.
Banks have been approached to conduct feasibility studies for these potential deals, which are estimated to exceed $10 billion. The company is considering various structures, including equity stakes and lease transactions similar to a recent $11 billion deal for assets linked to the Jafurah gas project.
Discussions are in early stages, and no final decisions have been made. The potential sales come as oil prices have seen a decline this year, prompting Aramco to explore ways to free up cash for ongoing investments.
