Saudi Aramco on US$11 Billion Jafurah Midstream Deal
Deal News | Aug 20, 2025 | White & Case
White & Case LLP has advised Saudi Aramco on a significant US$11 billion lease and leaseback transaction involving its Jafurah gas processing facilities. The deal is structured with a consortium of international investors led by funds managed by Global Infrastructure Partners, part of BlackRock. Under the agreement, Jafurah Midstream Gas Company will lease rights to the Jafurah Gas Plant and the Riyas NGL Fractionation Facility, subsequently leasing them back to Saudi Aramco for a period of 20 years. The consortium, in exchange, will receive tariffs payable by Aramco. Furthermore, Saudi Aramco retains a 51% stake in the project, with the remaining held by the consortium. This deal underscores Saudi Aramco's strategic investments in innovative energy structures and highlights White & Case's leadership in energy and infrastructure legal advisory. The team advising on the deal spans multiple geographies including London, Dubai, and Riyadh.
Sectors
- Energy
- Legal Services
- Infrastructure Investment
Geography
- Saudi Arabia – Saudi Aramco is based in Saudi Arabia and the facilities involved in the deal are located there.
- United States – White & Case has team members operating from their offices in the United States.
- United Kingdom – White & Case has significant involvement from their London office in this transaction.
- United Arab Emirates – White & Case also operates from Dubai, heavily involving their Middle Eastern team.
Industry
- Energy – The transaction involves gas processing facilities and energy infrastructure, key components of the energy sector.
- Legal Services – White & Case provided legal advisory services, highlighting the role of law firms in complex international transactions.
- Infrastructure Investment – The consortium led by Global Infrastructure Partners is an example of infrastructure investment in the energy sector.
Financials
- US$11 billion – The total value of the lease and leaseback transaction involving Jafurah gas processing facilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Saudi Aramco | Target Company | Company | A leading global energy company based in Saudi Arabia. |
| White & Case LLP | Legal Advisor | Company | A global law firm providing advisory services to Saudi Aramco in this deal. |
| Global Infrastructure Partners (GIP) | Investor Lead | Company | An infrastructure investment firm managing funds that are part of the investor consortium. |
| BlackRock | Investor Group | Company | GIP's involvement indicates investment management associated with BlackRock. |