logo
BlackRock Weighs Selling Stake in Saudi Aramco Gas Pipelines

BlackRock Weighs Selling Stake in Saudi Aramco Gas Pipelines

Bloomberg10 hours ago
By Dinesh Nair and
Save
BlackRock Inc. is considering a sale of its stake in the leasing rights to Saudi Aramco 's natural-gas pipeline network back to the energy giant, according to people familiar with the matter.
The asset manager is in talks with Aramco about a potential deal, the people said, declining to be identified as the information is confidential. The US firm will weigh other options for the asset if the discussions fail to lead to an agreement, some of the people said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

African air passengers taxed disproportionately: Report
African air passengers taxed disproportionately: Report

Yahoo

timean hour ago

  • Yahoo

African air passengers taxed disproportionately: Report

Air travel passengers pay more in taxes to fly from Africa than counterparts departing from Europe or the Middle East, a report by the African Airlines Association showed. The average amount of taxes, charges, and fees for international departures from Africa is $68, twice the average for both Europe and the Middle East. Africa's air transport industry is not profitable, the airline group said, in part because of the high levels of taxes and charges that civil aviation authorities levy on airlines. 'Air transport is perceived as a luxury service across the continent,' the group said, a factor that leads governments, airports, and service providers to 'overcharge airlines even though many need help to survive.' It called for tax structures to be harmonized between countries to reduce excessive charges, and for authorities to seek out 'alternative funding methods for aviation infrastructure.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store