[REVISION HISTORY]

Saudi Aramco business restructuring and partnerships

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-09-26 19:18 UTC → 2026-09-26 21:22 UTC · added ~~removed~~

Saudi Aramco is undergoing significant structural shifts involving its chemical and gas business segments. Initially, reports indicated that the American chemical company Dow was considering exiting its $20 billion joint venture, Sadara Chemical, in which it holds a 35 percent stake. Dow’s potential exit, which could involve a buyout by Aramco or other investors, is driven by a desire to restructure its portfolio during a chemical industry downturn and to mitigate risks from regional instability in the Middle East. Concurrently, Aramco is pursuing ‘Project Gamma’, a major restructuring aimed at creating an independent natural gas business. This new unit, potentially valued at over $100 billion, may eventually undergo an initial public offering or a minority stake sale. A key driver of this expansion is the development of the Jafurah unconventional gas field, which aims to increase production by 80% by 2030 and free up oil resources for international export. Recent developments indicate that Aramco has engaged investment bank Evercore to advise on the creation of this standalone gas division, with guidance provided by Boston Consulting Group. The initiative is intended to unlock value and build an international liquefied natural gas (LNG) portfolio. In tandem with this restructuring, Aramco is exploring the sale of up to $35 billion in assets, including real estate and interests in oil export terminals, to fund government projects and support dividend payments.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.