Saudi Aramco Eyes $7 Billion Sulfur Asset Sale as Demand Soars

AI Summary

Saudi Aramco is reportedly considering a $7 billion sale of its sulfur business due to soaring demand, fueled by supply disruptions in the Middle East war. This potential asset sale is part of a larger portfolio valued up to $50 billion, highlighting strategic adjustments amid volatile commodity markets.

Saudi Arabia’s energy major Aramco is considering selling a stake in its sulfur business, eyeing proceeds of up to $7 billion, Reuters has reported, citing unnamed sources. The value of Aramco’s infrastructure assets could be as high as $50 billion, one of the Reuters sources told the publication. This gives Aramco a pretty comfortable asset sale base—and sulfur right now is very hot, after the Middle East war disrupted a solid chunk of global supply for a vital commodity with multiple applications across industries. The company…