Aramco looking to sell sulphur business

Saudi Aramco is reportedly considering the sale of a stake in its sulphur business as the state-controlled energy group expands a wider drive to unlock cash from infrastructure assets and support Saudi Arabia’s investment-heavy economic transformation. The potential transaction, known internally as Project Yellowstone, could raise as much as $7 billion and would cover assets linked to sulphur storage and export terminals.

The sulphur sale is part of a wider effort by the company to generate tens of billions of dollars to fund Saudi Arabia’s ambitious economic diversification agenda amid mounting fiscal pressures. Other potential sales currently being weighed involve oil export terminals, real estate, and water infrastructure.