DUBAI, June 8 (Reuters) - Abu Dhabi state investor Mubadala
said on Tuesday it has joined a consortium led by U.S.-based EIG
Global Energy Partners that had agreed to buy a 49% equity stake
in Aramco Oil Pipelines Co.
Aramco in April agreed to sell a minority stake in its
pipelines for $12.4 billion to a consortium led by EIG, the
company's largest deal since its record $29.4 billion initial
public offering in late 2019.
Aramco will keep 51% of the newly formed Aramco Oil
Pipelines Co and rights to 25 years of tariff payments for oil
carried on Aramco's pipelines.
(Reporting by Saeed Azhar; Editing by Jan Harvey)