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

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

The Saudi Aramco logo is pictured at the company's oil facility in Saudi Arabia, REUTERS/Maxim Shemetov

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.

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