Number $15.5bn

Saudi Aramco has signed a $15.5 billion lease and leaseback

deal involving its gas pipeline network with a consortium led

by BlackRock Real Assets and Hassana Investment Company, the investment management arm

of the General Organization for Social Insurance in Saudi Arabia,

in one of the world’s largest energy infrastructure deals. This represents significant progress

in Aramco’s asset optimization program and is the second such

infrastructure transaction by Aramco this year after the closing of the oil pipeline infrastructure

deal in June 2021.