An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia. REUTERS/Ahmed Jadallah
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Saudi Aramco is planning to buy a strategic stake worth as much as $70 billion in petrochemical firm Sabic.Others in government and Aramco favor keeping things secret.Aramco could be tempted by an alternative path that employs a private-equity style leveraged buyout and ensures Aramco's numbers stay under wraps: using Sabic's balance sheet to help paying for the deal.Still, using Sabic's balance sheet rather than Aramco's looks viable.Simultaneously, Aramco and the PIF are in talks about the price, with parties arguing about whether Aramco should pay current prices, or the average of the last 30, 60, 180 or even 365 days.
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