Saudi Aramco is exploring the sale of a stake in its sulphur business, internally dubbed Project Yellowstone. The potential deal could raise up to $7 billion to support Saudi Arabia’s economic diversification agenda.
This initiative is part of a broader strategy to monetize infrastructure assets, including oil export terminals. The total value of assets under consideration for fundraising potentially reaches $50 billion.
Separately, the company chairman announced on Thursday that Aramco is considering expanding its global oil-storage network. This expansion aims to ensure long-term supply stability.