Riyadh – BETH

Saudi Aramco is in advanced negotiations to sell a stake worth approximately $10 billion in the processing and transportation infrastructure of its giant Jafurah natural gas project, to an investment consortium led by U.S.-based BlackRock, according to people familiar with the matter.

🔻 Deal Highlights:

The transaction includes pipeline networks and other key infrastructure supporting the Jafurah field.

The bidding group is backed by Global Infrastructure Partners, a unit of BlackRock.

A final agreement could be announced in the coming days.

🏗️ The Jafurah project — valued at over $100 billion — is among the largest unconventional shale gas fields globally. Aramco is developing it to supply domestic power plants with gas and expand export potential.

📌 The field’s gas lies in complex tight rock formations, requiring advanced extraction technologies — a testament to Aramco’s technological and investment capabilities.

🧠 BETH Insight:

This deal reflects Saudi Arabia’s strategic direction to:

Unlock infrastructure value without compromising operational sovereignty.

Attract global capital to support national transformation projects.

Enhance asset efficiency through smart partnerships with major players like BlackRock.

📍 BETH continues to monitor this deal as a key indicator of deeper structural shifts in Saudi energy investment models.
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Symbol: Jafurah – Shared Power