沙特巴林管道公司拥有一条112公里长的输油管道的部分所有权，该管道负责将沙特阿美石油公司的原油输送至巴林国家炼油厂——巴普科炼油厂，后者为巴普科能源的子公司。① Bahrain's state-owned energy company Bapco Energy has sold its minority stake in Saudi Bahrain Pipeline Company to a fund managed by BlackRock's diversified infrastructure business unit; ② This transaction is the first time that Bapco Energy has monetized its assets.
AFP, September 12 (Editor Li Lin/Intern Editor Chen Yujia) Bahrain's state-owned energy company Bapco Energies (Bapco Energies) has sold its minority stake in Saudi Bahrain Pipeline Company (SBPC) to a fund managed by BlackRock's diversified infrastructure business unit. The deal is the first time Bapco Energy has monetized its assets.
According to a statement issued by the company on Wednesday, the proceeds from this transaction will be used to meet the capital needs of Bapco Energy, but the parties to the transaction did not disclose the specific terms of the deal.
The Saudi Arab-Bahrain Pipeline Company owns part of a 112-kilometer oil pipeline that transports Saudi Aramco crude oil to Bahrain's national refinery, Bapco Refinery, which is a subsidiary of Bapco Energy.
Under the terms of the deal, BlackRock Infrastructure Fund has acquired a minority interest in the Saudi Bahrain Pipeline Company, while Bapco Energy has retained most ownership and management of the company. Meanwhile, Bapco Energy and BlackRock's diversified infrastructure business division have signed a memorandum of understanding. The two sides will cooperate on infrastructure and decarbonization projects in Bahrain.
