Saudi Aramco Eyes $7 Billion Sulfur Asset Sale as Demand Soars

Saudi Arabia’s energy major Aramco is considering selling a stake in its sulfur business, eyeing proceeds of up to $7 billion, Reuters has reported, citing unnamed sources. The value of Aramco’s infrastructure assets could be as high as $50 billion, one of the Reuters sources told the publication.

This gives Aramco a pretty comfortable asset sale base—and sulfur right now is very hot, after the Middle East war disrupted a solid chunk of global supply for a vital commodity with multiple applications across industries.