Saudi Aramco is said to be in talks with potential investors for funding its giant $110 billion Jafurah unconventional gas development project.
The state-owned giant is believed to be in preliminary talks with potential international investors that could fund the ambitious gas development either through debt or equity infusion, Bloomberg reported.
Commenting on this report, one person close to the Jafurah tender process told Upstream that Aramco wants to de-risk the giant project and is expected to bring in investors ahead of the project’s next expansion phase.
