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Saudi Aramco, the world’s foremost national oil and gas company, has boosted its investment activity with the announcement of the acquisition of a minority stake in U.S.-based MidOcean Energy, owned by EIG, a prominent institutional investor in energy and infrastructure sectors. This development has taken many by surprise, considering Aramco’s historical focus on oil, despite its substantial reserves of natural and associated gas in Saudi Arabia. Aramco has been actively positioning itself as a prominent International National Oil Company (INOC),…