Saudi Arabia’s oil giant Aramco is in early talks to potentially structure a deal worth more than US$10 billion to sell a part of its pipeline business to asset managers, including the world’s biggest, BlackRock, sources with knowledge of the talks told Reuters on Tuesday. Through a potential sale of a stake in its pipeline infrastructure, Saudi Aramco could raise some much-needed cash . At the same time, its profits tumble with the low oil prices, and debts soar with the acquisition of petrochemicals giant SABIC. Aramco is now trying to contain the damage from the crisis while keeping the pledge to pay out annual dividends of US$75 billion to shareholders, the Kingdom being the largest of them. The Saudi oil giant has cut capital expenditure (capex) and is reportedly looking at further cuts amid reduced cash flows and profits and mounting debt to levels above the company’s targets. […]