BlackRock, Global Banks Back Aramco’s Giant Gas Play

Investors in Saudi Aramco’s Jafurah natural gas project have approached a group of lenders to secure $10.3 billion in funding for the project. Jafurah is at the center of Saudi Arabia’s plans to develop its natural gas resources, diversifying from crude oil. With a price tag of a total $100 billion, the Jafurah development is described as the largest unconventional gas development outside the United States. Its reserves are estimated at some 229 trillion cu ft of natural gas plus 75 billion barrels of condensate. Production has been…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com