Exclusive: Saudi Aramco considers power assets sale to raise billions, sources say

Aramco's Asset Sales: Saudi oil giant Aramco is planning to sell up to five gas-fired power plants, potentially raising around $4 billion as part of efforts to increase profits and fund domestic projects amid lower oil prices impacting state revenues.

Government Reliance on Aramco: The Saudi government, which owns 81.5% of Aramco, heavily relies on the company's payouts for state income, facing a budget deficit despite significant earnings from Aramco, prompting the company to explore asset divestments and increased borrowing.