Saudi Aramco has entered into a deal with a consortium led by EIG Global Energy Partners (EIG), one of the most prominent global investors in infrastructure in the energy sector, to optimize the value of its assets through a lease and re-leaseback agreement related to Saudi Aramco's pipeline network for concentrated crude oil. .

Upon completion of the deal, Saudi Aramco will receive proceeds estimated at about $ 12.4 billion, in order to enhance its financial position through one of the largest infrastructure deals in the global energy sector. The deal is an extension of the company’s strategy of optimizing the potential of its assets and maximizing the value for its shareholders. It also strengthens the role played by Saudi Aramco in stimulating and attracting huge foreign investments to the Kingdom.

Under the deal, a recently established subsidiary of Saudi Aramco, the Aramco Crude Oil Supply Company, will lease the rights to use Saudi Aramco's concentrated crude oil pipeline network for a period of 25 years.

In return, Aramco Crude Oil Supply Company will receive a tariff paid from Saudi Aramco for the quantities of concentrated crude oil that flow through the network, and that tariff will be linked to a minimum volume of those quantities. Saudi Aramco will retain a majority stake of 51% in the new company, while preserving The coalition led by (EIG) has a 49% stake. At the same time, Saudi Aramco will still retain full ownership of the pipeline network, and it will continue to have full operational control over it, and this deal will not impose any restrictions on the company in terms of the amount of actual production of crude oil, which is subject to the production decisions made by the state.