Saudi Aramco announced an investment of $110 billion to develop unconventional gas resources in the eastern province of the Kingdom on Saturday. The green light for the development of the Al Jafura field coincides with massive discoveries of natural gas in oil-producing states in the region.
In other news, the Saudi central bank governor said Saudi Arabia’s economy is expected to grow this year, supported by the non-oil sector.
To read about this and more of the week’s news from the Kingdom, click here.
If you would like to be added to our weekly email distribution of this newsletter, please email us.