Multi-billion dollar investment targets phase two development of Jafurah unconventional gas field, phase three expansion of Aramco's Master Gas System, new gas rigs and capacity maintenance
Aramco continues to ‘explore new opportunities in important markets, as we seek to progress in our liquids-to-chemicals strategy,’ says oil giant’s downstream president
- New project is expected to enlarge plant’s processing capacity from 2.5 standard cubic feet per day to 4 billion standard cubic feet per day, says oil major
- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports