BlackRock Secures $11 Billion Deal with Saudi Aramco for Jafurah Gas Project

BlackRock’s Global Infrastructure Partners have secured a significant $11 billion agreement with Saudi Aramco to form the Jafurah Midstream Gas Company. This deal, which encompasses a lease-and-leaseback arrangement, marks BlackRock’s entry into the global energy infrastructure market and signifies a major investment in Saudi Arabia’s ambitious gas expansion plans.