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BlackRock Leads $10.3B Saudi Aramco Gas Deal Amid Middle East Expansion
BlackRock Leads $10.3B Saudi Aramco Gas Deal Amid Middle East Expansion
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BTCCSquare news:
BlackRock's infrastructure arm is orchestrating a $10.3 billion financing package for Saudi Aramco's Jafurah gas field, signaling Wall Street's deepening ties with Gulf energy giants. The debt structure combines short-term and long-term loans through a newly formed midstream entity, with JPMorgan and Sumitomo Mitsui joining the syndicate.
The MOVE aligns with CEO Larry Fink's strategy to position BlackRock as the preferred capital partner for sovereign wealth funds. Aramco will retain 51% control of the gas processing venture, offering investors a 20-year leaseback arrangement—a model increasingly common in energy infrastructure deals.
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