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Aramco Oil Pipelines Company

Company Summary

Description

A newly formed entity with rights to 25-years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network

Operational Regions

  • Middle East

Related Entities

Recent news

  • 6/21/2021 - EIG-Consortium Closes on... (subscriber access)
  • 6/9/2021 - Mubadala Joins EIG... (subscriber access)
  • 4/12/2021 - EIG-Led Group Awarded... (subscriber access)

Company Transactions

Date: 12/31/2021
Type: Acquisition

BUYERS:
  • EIG Global Partners
  • Mubadala Investment Co.
    • SELLERS:
  • Aramco Oil Pipelines Company
  • Saudi Arabian Oil Co. (Saudi Aramco)
    • DETAILS:

    COST: 12.4 $B

    NOTES:
    An EIG-led consortium of investors has signed a $12.4 billion lease and lease-back deal with Said Aramco for a 49% position in the newly formed Aramco Oil Pipelines Company, The deal covers rights to 25-years of tariff payments for oil transport on the pipe network. Those assets handle 100% of Aramco's crude oil production under the Concession Agreement.
    REGIONS:
  • Middle East