Aramco Oil Pipeline Unit For Sale: Price War May Be Too Successful

Saudi Aramco is considering a stake sale of its oil pipeline unit to raise some much-needed cash, as the reality of the oil price war it started with Russia sets in: the Saudi’s move to crush other oil producers may be too successful, leaving the world’s largest oil company rather cash poor along with the rest of the world. The sale of a piece of its pipeline unit could bring in $10 billion, at a time when Aramco is facing billions in payments due in 2020: $75 billion in dividend payments and the first installment for its SABIC acquisition. …