Aramco mulls stake sale in oil terminals, real estate assets: Report

Talks related to Aramco’s potential transactions are at an early stage, and no final decisions have been made, sources say

Saudi Aramco is considering the sale of a stake in its lucrative oil export and storage terminals as part of broader plans to divest several assets, Bloomberg reported, citing informed sources.

Banks have been asked to pitch for roles on feasibility studies for potential disposals that could collectively generate more than $10 billion.

The Saudi oil giant is exploring options that may include issuing new shares and could pursue a structure similar to the recent lease transaction tied to the Jafurah gas project.

According to one source, the possible sale drew interest from a number of global enterprises. Further, bankers have since put forward several asset disposal proposals given increasing demand from investors.

The source added that Aramco’s terminals business is considered a lucrative asset and the company could launch a formal sales process as soon as early next year.

Some sources also pointed out that Aramco is simultaneously studying the partial sale of its real estate portfolio — likely worth several billion dollars.

Discussions are at an early stage, and no final decisions have been made, they added.