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Sinochem News reported on December 7, Saudi Aramco stated that the company has signed a $15.
5 billion lease and leaseback agreement for a natural gas pipeline network with a consortium led by BlackRock and Hasana Investment Corporation
.
As part of this agreement, the newly established subsidiary Aramco Pipeline Company will lease the right to use Saudi Aramco's natural gas pipeline network and lease it back to Saudi Aramco after the 20-year lease expires
Recently, Saudi Aramco is considering selling equity in energy assets and raising cash through long-term leases to use the rebound in crude oil prices to attract foreign investors
.
In April of this year, Saudi Aramco signed a $12.