Saudi Aramco negotiating $110 bln gas project with investors ...Kuwait

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Saudi Aramco negotiating $110 bln gas project with investors
Saudi Arabia is negotiating with investors to develop a $110 billion project at one of the world's largest unconventional gas fields -, according to reports. Saudi Aramco began talks with potential backers for its Jafurah gas development located in the east of the kingdom, Bloomberg reported sources as saying on Monday. The gas field is estimated to hold 200 trillion cubic feet of raw gas and in February 2020 Aramco announced it received regulatory approval for its development, which it expected would enhance the company’s position in the energy market. The company is reportedly on the hunt for investors to help fund the development of projects at the gas field and ha

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