Aramco in Talks With Investors on $110 Billion Gas Project
- Investment bank Evercore is advising Aramco on the plans
- Jafurah is key to its strategy to diversify energy exports
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Saudi Aramco has started talks with potential backers for its $110 billion Jafurah gas development, according to people familiar with the matter, as the oil producer plans to exploit one of the world’s largest unconventional gas fields.
The state-controlled company is seeking equity investors that could help fund the development of midstream and downstream projects at Jafurah in the east of the kingdom, the people said, asking not to be identified as the information is private.