BlackRock's $10.3B Aramco Deal: A Gas Sector Game-Changer
Update: 2025-09-10
Description
BlackRock and JPMorgan Chase eye a $10.3 billion financing deal with Aramco for the Jafurah gas project! A new company, Jafurah Midstream Gas Company (JMGC), will lease and then lease back gas processing facilities to Aramco for 20 years. Aramco retains a 51% stake, with BlackRock's group owning 49%. How will this massive investment reshape Saudi Arabia's gas sector and the global energy landscape?
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