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Saudi Aramco leases Jafurah gas facilities for $11 billion, boosting production in a 20-year deal.
Saudi Aramco has signed an $11 billion lease and leaseback agreement with a consortium led by Global Infrastructure Partners (GIP), part of BlackRock, for its Jafurah gas processing facilities.
The deal involves the Jafurah Field Gas Plant and the Riyas NGL Fractionation Facility, with a newly-formed subsidiary, Jafurah Midstream Gas Company (JMGC), leasing the assets for 20 years.
Aramco retains a 51% stake in JMGC, while GIP-led investors hold the remaining 49%.
This transaction supports Aramco's plan to boost gas production capacity by 60% by 2030.
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Saudi Aramco arrenda las instalaciones de gas de Jafurah por $ 11 mil millones, impulsando la producción en un acuerdo de 20 años.