Saudi Aramco is near an agreement to raise roughly $10B from a group led by BlackRock (BLK) that has been established to invest in the infrastructure of Aramco’s Jafurah gas project, Reuters’ Hadeel Al Sayegh, Sarah Mcfarlane and Federico Maccioni report, citing two people with knowledge of the matter. The pact would be the latest in a series of financial deals, akin to borrowing, that let Gulf oil producing countries raise funds to diversify their economies, the authors note.
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