Thndr Claps » Saudi Claps » Mergers & Acquisitions 🤝 » Aramco unveils the “first international investment” in liquefied natural gas
Nasser Al-Naimi, head of exploration and production at Aramco, believes this deal is an important step in the company’s strategy.
The ClapGlobal oil giant Aramco acquired a strategic minority stake in the energy company Mid-Ocean for $500 million,
with an option to increase its stake.
WhatMedOcean is founded and managed by EIG, one of the largest investment institutions operating in the energy and infrastructure sectors globally.
So WhatThe agreement comes as an extension of the partnership between Aramco and EIG,
which was part of a consortium to acquire a 49% stake in Aramco Crude Oil Supply in 2021.
What nowNasser Al-Naimi, head of exploration and production, believes this deal is an important step in the company’s strategy.
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