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Aramco Weighs Sale of Stake in Natural Gas Pipelines

  • Move would follow $12 billion oil pipeline deal this month
  • Aramco is seeking to draw new investors to the kingdom
Photographer: Simon Dawson/Bloomberg
Updated on

Aramco is considering the sale of a stake in its vast natural gas pipeline network to help free up cash and draw more international investors to Saudi Arabia, people familiar with the matter said.

The state-owned energy producer is holding preliminary discussions on the potential move, the people said, asking not to be identified because the information is private. Any deal could raise billions of dollars for Dhahran-based Aramco depending how a transaction is structured, they said.