BlackRock considers selling Saudi-Aramco stake 

Asset management company BlackRock is supposedly considering a sale of its stake in Saudi Aramco, specifically its leasing rights in the oil conglomerate, as per a Bloomberg report. 

While both companies have not confirmed the exact amount to be sold, it is estimated to be in billions of dollars. 

BlackRock owns 49% of Saudi Aramco’s natural gas pipelines, a stake it acquired in 2021 for $15.5 billion with a consortium of investors led by the investment firm, with Saudi Aramco holding the remaining 51%.