Aramco Is Said to Pick Citi for Oil Storage Terminals Stake Sale

Pipes used for landing and unloading crude and refined oil at the North Pier Terminal, operated by Saudi Aramco, in Ras Tanura, Saudi Arabia.
Photographer: Simon Dawson/Bloomberg

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By Dinesh Nair and Nicolas Parasie

November 26, 2025 at 11:16 AM UTC

Updated on

November 26, 2025 at 12:15 PM UTC

Saudi Aramco has chosen Citigroup Inc. to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, according to people familiar with the matter.

The US investment bank was selected in recent days after a pitching process that drew proposals from several other Wall Street lenders, the people said, asking not to be identified as the matter is private.