Continuing story · 1 report
Aramco's standalone gas division plan
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.
Story trackerDay 7
1 report41 outlets63 sources1 video
The story so far
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
Opened1 report
Who's involved
Organizations
Boston Consulting Groupglobal management consulting firm1 reportEvercore 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
