Saudi Arabian oil giant Aramco is in a"listening phase" on investment proposals from refining giant Sinopec Corp and French oil major TotalEnergies for a shale gas development worth about US$10 billion, a source with knowledge of the matter said on Tuesday.
Jafurah is the largest shale gas development outside the US, with reserves estimated at 200 trillion cubic feet of raw gas. In late 2021 the company said it had signed agreements worth US$10 billion for the field's development. The kingdom's energy ministry added at the time that it anticipated paying between US$1.3-1.6 billion for its part.
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