Riyadh – Mubasher: Saudi Arabian Oil Co, known globally as Saudi Aramco, plans to appoint bank to advise on plans to purchase international natural gas assets, informed sources on Thursday said.
“Aramco, as the company is known, in late 2017 invited international banks to pitch for the advisory role to help identify acquisition targets,” Bloomberg reported, citing the sources as saying.
In December, Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih stated that the Saudi Arabian state oil company was planning to acquire natural gas assets in Africa and Mediterranean Sea region in a bid to meet the rising domestic demand.
