Saudi Aramco needs cash with oil prices at a 17-year low — and now it may reportedly sell a piece of its pipeline unit

Saudi Aramco needs cash with oil prices at a 17-year low — and now it may reportedly sell a piece of its pipeline unit

Business Insider

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· *Saudi Aramco may sell a stake in its pipeline business to shore up cash amid the oil market downturn, Bloomberg reported.*
· *The world's largest oil producer is looking to raise capital ahead of its distribution of $75 billion in dividends through 2020 and payments for its $70 billion acquisition of chemicals producer...

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