#Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion - sources | Reuters

Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion - sources | Reuters:

Saudi Aramco 2222.SE is in talks with BlackRock BLK.N and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said.

The deal, internally dubbed “Project Seek”, is still in its initial phase and there is no formal decision on the investors yet, one of the two sources familiar with the matter said.

The transaction would be similar to infrastructure deals signed this and last year by Abu Dhabi’s national oil company ADNOC.

Those raised billions of dollars by leasing its oil and gas pipelines assets to investor partners.