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Aramco signs $12.4 billion pipeline deal with EIG-led consortium

DUBAI, April 10 (Reuters) - Saudi oil giant Aramco on Friday entered into a $12.4 billion deal for a lease-and-lease-back agreement for its pipeline assets with a consortium led by EIG Global Energy Partners, it said in a statement.

This is the first major deal by Aramco since its listing in late 2019 when the Saudi government sold a minority stake in the firm for $29.4 billion in the world’s biggest initial public offering. (Reporting by Saeed Azhar Editing by Chris Reese)

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