Sources: EIG is in a list of potential buyers of Aramco pipelines

US energy investor EIG has been selected as a potential buyer of Saudi Aramco’s pipelines, said three sources familiar with the matter, part of a deal that could exceed $ 17 billion and is likely to be completed by the end of the year. ‘year.

Other sources said in earlier that Aramco was trying to sell a large minority stake in the pipelines.

Potential buyers include funds of private equity and infrastructure in North America and government-backed companies in China and South Korea.

In previous statements, sources have stated that in change in the sale process, could include shares worth $ 3.5 billion, the rest will be financed by bank loans, while another source said the deal could reach $ 20 billion.

Aramco is working with JPMorgan and Goldman Sachs to enter in contact with potential buyers.

Last June Saudi Aramco and an international consortium of investors consisting of EIG and Mubadala Investment Company announced the completion of the consortium’s acquisition of a 49% stake in Aramco Crude Oil Supply Company, a newly formed subsidiary of Saudi Aramco, for $ 12.4 billion.

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