Aramco unit closes $12.4b deal with global consortium that includes EIG, Mubadala

An international investor consortium, including Washington based energy sector investor EIG and UAE soverign wealth fund Mubadala Investment Co., has acquired a 49% stake in Aramco Oil Pipelines Co., a unit of Saudi Aramco, the national oil company of Saudi Arabia, for $12.4 billion, the company said today.