Exclusive - Sources: Aramco prepares to sell more assets
SAUDI ARAMCO
MIAHONA
SAUDI ARAMCO 2222.SA | 0.00 | |
MIAHONA 2084.SA | 0.00 |
Dubai, June 17 - Saudi Aramco is considering selling a stake in its sulfur business as part of its ongoing strategy to monetize its infrastructure assets to raise tens of billions of dollars, three sources familiar with the matter told Reuters.
Aramco, the crown jewel of the world's largest crude oil exporter, is seeking foreign capital to finance the kingdom's ambitious diversification plan amid mounting financial pressures. Reuters exclusively reported last year that the oil giant was actively pursuing asset sales, efficiency improvements, and cost reductions.
