BlackRock Invests $11 Billion in Saudi Aramco Gas Infrastructure

BlackRock has secured a landmark $11 billion deal with Saudi Aramco, bolstering investments in the kingdom’s gas sector. The agreement involves a 20-year lease and leaseback arrangement for midstream infrastructure at the Jafurah field, demonstrating significant foreign capital influx into the sector. Saudi Aramco’s CEO Amin Nasser highlights this partnership as crucial for expanding the nation’s ambitious energy program.