Introduction 1-Two sources: A group led by BlackRock is in talks to finance a $10 billion deal with Aramco.

To add details

- A group of investors, led by BlackRock's Global Infrastructure Partners, is in talks with lenders to raise up to $10.3 billion in financing for a deal in Saudi Aramco's Jafurah oilfield infrastructure, two sources familiar with the matter told Reuters.

The two sources added that banks including JPMorgan and Japan's Sumitomo Mitsui are in talks to participate in the deal.

The two sources, who requested anonymity because the deal has not yet been announced, said the debt financing will be divided into two parts: a short-term loan and a long-term one.

Aramco, BlackRock, JPMorgan Chase, and Sumitomo Mitsui have yet to comment.

Under the agreement, a recently established subsidiary, Jafurah Gas Transmission and Processing Company, will lease the rights to develop and use gas processing facilities in the Jafurah field, before leasing them back to Aramco for 20 years.

Aramco will retain a 51 percent stake in Jafurah, while the investor group will retain the remaining 49 percent stake.



(Prepared by Mohamed Ali Farag and Ali Khafagi for the Arabic edition - Edited by Hassan Ammar)

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