- Jafurah Midstream Gas Company provides significant direct direct investment, as well as rental and rental rental agreements and the rights to use Jafurah Midstream of Aramco
- Aramco to receive the initial product of $ 11 billion to completion, highlighting the potential for creating value of its current capital investment program
- Transaction to support the optimization of Aramco assets, reflecting the positive prospects for gas demand in the Kingdom of Saudi Arabia
Say, Saudi Arabia,, August 15, 2025 / Prnewswire / – Aramco, one of the main global companies of energy and integrated chemicals, has signed a $ 11 billion The rental and rental agreement involving its Jafurah gas treatment facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), part of Blackrock.
Jafurah is the greatest development of gas not associated with Kingdom of Saudi ArabiaEstimated at 229 standard cubic feet of raw gas and 75 billion barrels of condensate tank. This is a key element in Aramco’s plans to increase gas production capacity by 60% between 2021 and 2030, in order to meet growing demand.
As part of the transaction, a newly formed subsidiary, Jafurah Midstream Gas Company (JMGC), will rent the rights of development and use of the Jafurah field gas plant and the Riyas NGL fractionation installation, and will rent them to Aramco for a period of 20 years. JMGC will receive a price to pay by Aramco in exchange for the granting of Aramco the exclusive right to receive, treat and treat Jafurah raw gas.
Aramco will hold a majority participation of 51% in JMGC, the remaining 49% held by investors led by GIP. The transaction, which will not impose any restriction on the Aramco production volumes, should close as soon as possible, subject to usual closing conditions.
Amin H. NasserPresident and chief executive officer of Aramco, said: “Jafurah is the cornerstone of our ambitious gas enlargement program, and the participation of the consortium led by GIP as investors in a key element of our unconventional gas operations demonstrates the proposal of attractive value of the project. This foreign direct investment in the kingdom is also preparing to start a phase of this year’s production, the development of transmission. In the future in Jafurah playing a major role raw materials in the petrochemical sector and with the supply of energy required to supply new growth sectors, such as AI data centers in the kingdom.
Bayo PrombertChairman and CEO of GIP, said: “We are happy to deepen our partnership with Aramco with our investment in Saudi Arabia Natural gas infrastructure, a key pillar of world natural gas markets. Today’s announcement is based on the long -standing relationship of Blackrock and GIP with Aramco to meet the growing market needs for clean fuel, energy security and energy affordability. “”
The opportunity to invest in one of the most important natural gas developments in the region has aroused significant interest in investors in the world. The transaction co-investors include the main institutional investors Asia and the Middle East. Once finished, the transaction will support the optimization of Aramco assets and will capture the additional value of the development of the Jafurah gas field.
The GIP intermediate infrastructure equity team, which invests in infrastructure assets and diversified and contracted companies by the market market, has a robust and long -term history of successful investments in the Middle East. This investment is also based on the strong relationship between Aramco and Blackrock. In 2022, BlackRock co-amed a consortium of investors in a distinct minority investment in the company of Aramco Gas Pipelines.
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About Aramco
As one of the world’s main world and chemical companies in the world, our world team is devoted to creating an impact in everything we do, the supply of crucial oil supplies to the development of new energy technologies. We focus on meeting our more reliable, more durable and more useful resources, helping to promote growth and productivity worldwide. https://www.aramco.com
On the global infrastructure partners (GIP)
Global Infrastructure Partners (GIP), which is part of Blackrock, is a leading infrastructure investor who specializes in the investment, possession and exploitation of some of the most important and complex assets through the energy, transport, digital and water and waste infrastructure sectors. With energy pragmatism at the heart of our investment thesis, we are well placed to support the global energy transition.
The GIP scale platform has finished $ 183 billion in assets under management. We believe that our focusing on real infrastructure assets, combined with our deep owners’ creation network and full operational expertise, allows us to be guards responsible for the capital of our customers and to create a positive economic impact for communities. For more information, visit www.global-fra.com.
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