Aramco Seeks Investors for Jafurah Infrastructure

Saudi Aramco, the state-owned oil giant, is in search of investors for the infrastructure assets of its Jafurah gas project, a venture valued at $100 billion. This move is part of Aramco's broader strategy to expand its position in the natural gas sector and significantly boost its production capabilities by 2030. The Jafurah project is poised to become the largest shale gas operation outside the United States, with output expected to commence this year, eventually reaching 2 billion cubic feet per day by the decade's end. Aramco plans to maintain both majority ownership and operational control of the assets while exploring private investments to support project development. The company has previously raised significant capital by offering stakes in its infrastructure, following a similar strategy in 2021 when it raised nearly $28 billion through minority stake sales. Aramco's CEO, Amin Nasser, confirmed that total investments in Jafurah will surpass $100 billion over 15 years, with developments including a gas processing plant and extensive pipeline network. This initiative comes amid shifting oil prices, as Aramco continues to hedge its operations and strengthen its global energy footprint.