“Mubadala” is part of an alliance to buy a stake in Aramco pipelines – the economist – the UAE economy

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Mubadala Investment Company said it had joined a consortium led by US-based EIG Global Energy Partners, which agreed to buy 49% of Aramco Oil Pipelines Company.

Aramco agreed in April to sell a minority stake in its pipelines for $12.4 billion to a consortium led by EIG, the company’s largest deal since a record initial public offering, in which it raised $29.4 billion in late 2019. Aramco will retain 51% of the newly formed Aramco Oil Pipeline Company with rights to 25-year fee payments for crude oil, which is shipped through the Saudi company’s network.

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