News
28 September 2023

Aramco to buy stake in MidOcean to tap into LNG

In:
Oil & gas
Region:
Middle East & Africa

Saudi Aramco is to acquire a strategic minority stake in LNG company MidOcean Energy for $500 million, with an option to increase the size of the shareholding.MidOcean is owned and managed by US investment firm EIG Partners, which led a consortium to buy a 49% stake in Aramco's oil pipelines...

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