The agreement, mirroring Aramco’s 2021 model, will see BlackRock and partners invest in pipelines and processing plants to support the kingdom’s largest shale gas development. Saudi Aramco, the world’s largest oil exporter, is reportedly close to finalizing a deal worth approximately $10 billion with a consortium led by BlackRock to invest in infrastructure supporting its massive Jafurah shale gas project. The news, first reported by Reuters, indicates that the transaction will include assets such as pipelines and gas processing facilities, structured similarly to Aramco’s previous landmark infrastructure deals. The Jafurah field — located in the Eastern Province of Saudi Arabia … Continue reading Aramco Nears $10 Billion Deal with BlackRock for Jafurah Gas Infrastructure