Aramco Closes $11 Billion Jafurah Midstream Deal With GIP-Led Consortium
CONFIRMED85% CONFIDENCEStated as done, per aramco.com[1][6] (dateline 'DHAHRAN|OCTOBER 28, 2025'): Aramco 'today announced the completion of an $11 billion lease and leaseback investment agreement'; Argaam[4] and SPA[3] carry the same 28 October date. The end is the 20-year term ('leasing them back to Aramco under a 20-year agreement') counted from that completion, exclusive.
Investors led by BlackRock's Global Infrastructure Partners take 49% of Jafurah Midstream Gas Company, which leases the Jafurah gas plant and Riyas NGL facility back to Aramco for 20 years in return for a tariff.
$11B
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