Saudi Aramco Plans $50 Billion Asset Sale for Diversification

The world's largest energy firm, Saudi Aramco, is planning to sell stakes in various infrastructure assets to raise up to $50 billion. The funds are intended to support the economic diversification agenda of the Government of Saudi Arabia during a period of fiscal pressure.

A central component of this strategy is Project Yellowstone, the potential sale of a stake in sulphur storage and export terminals, which could generate $7 billion. Other considerations include the sale of oil export terminals valued up to $25 billion and real estate assets, including the company headquarters campus, worth approximately $10 billion. Additionally, the company is pursuing Project Hydro to sell water infrastructure assets valued at $500 million and is seeking to sell gas-fired power plants worth at least $4 billion.

These moves follow a previous $11 billion lease and leaseback agreement for Jafurah gas processing facilities with a consortium led by BlackRock Global Infrastructure Partners. Interested parties for the water assets include Metito Utilities and Miahona.