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Whitecase
Full Credential Description
Global law firm White Case LLP advised Saudi Aramco on a significant US$11 billion lease and leaseback transaction involving its Jafurah gas processing facilities. The deal was structured with a consortium of international investors led by funds managed by Global Infrastructure Partners (GIP), part of BlackRock. This transaction involved Jafurah Midstream Gas Company (JMGC) leasing development and usage rights for the Jafurah Gas Plant and the Riyas NGL Fractionation Facility back to Saudi Aramco for a period of 20 years. In return, JMGC will receive a tariff from Saudi Aramco for the exclusive rights to receive, process, and treat raw gas from the Jafurah field. Saudi Aramco retained a 51 percent majority stake in JMGC, while the remaining 49 percent was allocated to the consortium of investors. This strategic move not only reinforces Saudi Aramcos position as a leader in innovative energy investment structures but also highlights the firms commitment to the economic landscape of the Kingdom of Saudi Arabia. The transaction is expected to close soon, pending customary closing , further solidifying the partnership between Saudi Aramco and White Case in the energy and infrastructure sectors.