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Saudi Aramco intends to introduce foreign investment for US$110 billion natural gas project

 Last Update: 2021-09-28
 Source: Internet
 Author: User

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According to a report by Bloomberg News on September 9, people familiar with the matter revealed that Saudi Aramco is now considering a bold move to open the Jafura Gas Field, one of the world’s largest unconventional natural gas fields, to foreign investors.

People familiar with the matter said the state-controlled producer is working with a consulting company to raise new shares or bonds for its huge Jafula gas field development project

People familiar with the matter said that the relevant discussions are still in the early stages, and Saudi Aramco may decide to seek other ways to raise funds to provide funding for the development of the Jafula gas field

Any transaction involving the Jafura gas field will mark a rare example of Saudi Aramco allowing outside investors the opportunity to hold its upstream oil and gas assets

According to BP, Saudi Arabia has the largest natural gas reserves in the Arab world, second only to Qatar

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