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Bahrain has sold a minority stake in a key oil pipeline that transports crude from Saudi Arabia to BlackRock Inc. as the Gulf’s smallest economy looks to monetize energy assets.
Bapco Energies, which manages the nation’s energy infrastructure including the pipeline, sold a minority ownership stake in the Saudi Bahrain Pipeline Company to a fund managed by BlackRock’s diversified infrastructure team, according to a statement, which didn’t include terms.
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