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Oil

Saudi Aramco looking for more deals to offer to investors, says CEO

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Saudi Aramco is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday, after the oil giant closed a $12.4 billion infrastructure transaction for its crude pipeline network in June.

“We are looking at the potential for other deals that we are currently in negotiation,” Nasser said on a call with analysts.

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Aramco reached out to banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, three sources told Reuters in June.

The gas pipeline stake sale will be a “copy paste” of the oil pipeline deal, one of the sources said.

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