Saudi Aramco, which operates all upstream oil and gas assets in Saudi Arabia under a multi-decade concession deal with the Kingdom, is reviewing its upstream business and could decide to sell stakes in some not-so-strategic fields to external investors, Bloomberg reported on Thursday, quoting sources familiar with the matter.
Aramco is currently reviewing its upstream business, and when the review is completed, it could decide to sell stakes in oilfields or enter into partnerships or joint venture agreements to develop and operate new natural gas…Aramco May Sell Stakes In 'Non-Strategic' Oil Fields
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