Citi(US:C) 智通财经网·2025-11-26 12:25Core Viewpoint - Saudi Aramco has selected Citigroup to lead the potential equity sale of its oil export and storage terminal business, with the transaction potentially reaching several billion dollars [1][2] Group 1: Transaction Details - The bidding process recently concluded, with Citigroup emerging as the preferred advisor from multiple proposals submitted by Wall Street investment banks [1] - The sale is expected to formally commence as early as next year, attracting interest from large infrastructure funds, although discussions are still in the early stages [1][2] Group 2: Strategic Context - The asset sale is part of Saudi Aramco's broader asset disposal strategy, which includes plans to sell a range of assets, including parts of its real estate portfolio [2] - This proposed transaction is larger and encompasses a wider range of business activities compared to previous sales focused on pipeline infrastructure, indicating an upgrade in its asset optimization strategy [2] Group 3: Market Conditions - International oil prices have dropped approximately 16% this year, prompting Saudi Aramco to delay certain projects and utilize asset sales to support core investments [2] - Saudi Aramco's core oil storage and export facilities are located in Ras Tanura Port in the Persian Gulf, with similar terminals in the Red Sea region and international holdings in the Netherlands and Egypt [2]