Abu Dhabi state investor Mubadala announced on Tuesday that it joined a consortium led by EIG Global Energy Partners (EIG), a leading US-based investor in the global energy sector, to buy a 49% equity stake in the recently formed Aramco Oil Pipelines Co. In one of the largest energy deals globally to date, Saudi Aramco raised $12.4bn via the pipeline stake sale to EIG in April. It was also its largest deal since its record $29.4bn IPO in late 2019. Aramco will hold 51% of Aramco Oil Pipelines Co and rights to 25 years of tariff payments for oil carried on the pipeline.
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