The consortium is led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock, Aramco highlighted in the statement. As part of the transaction, a newly formed subsidiary, Jafurah Midstream Gas Company (JMGC), will lease development and usage rights for the Jafurah Field Gas Plant and the Riyas NGL Fractionation Facility, and lease them back to Aramco for a period of 20 years, the statement noted.
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