Saudi Aramco is considering the sale of four to five gas-fired power plants that supply its refineries in a fundraising effort expected to raise around $4 billion. The asset sales are part of a broader strategy to support Saudi Arabia's Vision 2030 initiative and maintain dividend payments amid declining crude oil prices. In addition to these potential asset sales, Aramco is also negotiating an offtake agreement to purchase liquefied natural gas (LNG) from Commonwealth LNG. These moves come as the company seeks to sustain its financial position and fund ongoing mega-projects and global expansion plans. Separately, Saudi chemical maker Sabic is evaluating a share sale of its industrial gases unit as part of a restructuring focused on its core business.
Oil giant Saudi Aramco reportedly in talks with Commonwealth LNG for offtake agreement
Oil giant Saudi Aramco in talks with Commonwealth LNG for offtake agreement, sources say https://t.co/UD0iaS6sj9
Saudi Aramco Is Negotiating To Purchase Liquefied Natural Gas From Commonwealth LNG, According To Reuters 📈🌍