BlackRock Mulls Selling Stake in Saudi Aramco Gas Pipelines

BLACKROCK IS CONSIDERING a sale of its stake in the leasing rights to Saudi Aramco's natural-gas pipeline network back to the energy giant, according to people familiar with the matter.

- DINESH NAIR & ALEX DOOLER

The asset manager is in talks with Aramco about a potential deal, the people said, declining to be identified as the information is confidential. The US firm will weigh other options for the asset if the discussions fail to lead to an agreement, some of the people said.

No final decisions have been made and there's no certainty the deliberations will lead to a transaction. Representatives for BlackRock and Aramco declined to comment.