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Continuing story · 1 report

Aramco's standalone gas division plan

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Gone quiet since

Where it stands

Aramco has reportedly engaged Evercore to advise on creating a standalone gas division, but neither company has publicly confirmed the appointment. Aramco has not approved the plan or announced a timetable; the division’s structure and whether the plan proceeds remain open.

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Story trackerDay 7

1 report41 outlets63 sources1 video

  1. Update 1Aramco’s $100 Billion Gas Question Is Not Yet an IPO

The story so far

  1. Update 1

    Aramco’s $100 Billion Gas Question Is Not Yet an IPO

    Bloomberg says Evercore is advising on a standalone Aramco gas division. A possible $100 billion-plus valuation is for the whole business, not proceeds from an approved listing.

    What moved

    • Bloomberg reports Evercore’s advisory role and a possible future listing.

    Still open after this report

    • Whether Aramco will legally separate gas assets, sell a stake or pursue a listing.

History

  1. Opened1 report

Who's involved

Organizations

  • Boston Consulting Groupglobal management consulting firm1 report
  • Evercore PartnersAmerican financial services company1 report
  • Saudi AramcoSaudi Arabian state-owned petroleum company1 report

Places

  • Saudi ArabiaSaudi Arabia1 report
  • TCF JAFURAH GAS PLANT - AL AhsaC69W+MQ7 36227, Saudi Arabia1 report

Every outlet we read on this story

63 sources41 outlets1 video3 wire copies