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The latest news in the tank storage and energy infrastructure industry.

Showcasing our women in tank community, in collaboration with Tank Storage Magazine.

Aramco has just signed a landmark $11 billion lease and leaseback deal with a consortium of international investors led by Global Infrastructure Partners (GIP), a division of BlackRock.

At the heart of the deal is Jafurah, Saudi Arabia’s largest non-associated gas development, containing 229 trillion standard cubic feet of raw gas. This agreement is a strategic move to boost Aramco’s gas production by 60% by 2030, aligning with the Kingdom’s energy transition goals and demand for cleaner fuel.

The deal signals growing foreign direct investment in Saudi infrastructure and highlights how the region’s energy assets are attracting global institutional investors, including from Asia and the Middle East, as they seek stable, long-term returns in energy security and sustainability.

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