Aramco’s giant gas field Jafurah could replace 500,000 bpd of Saudi oil: CEO

The move is part of the Kingdom’s push to commercialize its unconventional resources and expand Aramco’s integrated gas portfolio. (AN)
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Updated 29 November 2021
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Aramco’s giant gas field Jafurah could replace 500,000 bpd of Saudi oil: CEO

  • Oil giant expects the production from the Jafurah field to commence in early 2024

RIYADH: Saudi Arabia’s oil giant Aramco has announced the start of its development of its Jafurah unconventional gas field in a press event on Monday. 

The company’s chief executive officer, Amin Nasser, said the field, which it claims to be the largest in the world, could replace 500,000 barrels per day of oil production “at its peak.”

The project comes amid global pressure to transition to cleaner sources of energy, following major climate change-focused events in recent months. 

“This breakthrough in unconventional gas could not come at a better time for the energy transition,” Aramco’s Nasser said, describing gas a “proven, reliable, and affordable energy source.”

He explained gas “emits around half of coal emissions in power generation.”

This project, Nasser added, contributes to the Kingdom’s broader environmental agenda, where the government said it wants to reach net-zero emissions by 2060. 

Once completed, the unconventional gas field is expected to provide approximately 2 billion standard cubit feet per day of sales gas, Nasser said. 

“We managed to reduce drilling cost by 70 percent and stimulation cost by 90 percent since the 2014 cost benchmark, while increasing well productivity six-fold compared with the start of the program,” he explained. 

Nasser highlighted the Kingdom’s aim to generate electricity 50 percent from renewables, and 50 percent from gas.  

Jafurah basin

The Jafurah basin is the largest natural gas field in the Kingdom, stretching 170 kilometers by 100 kilometers, and is estimated to have 200 trillion standard cubic feet of gas. 

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The Jafurah project will not only aid the Kingdom’s environmental ambitions but will also support its petrochemicals industry. 

“Its Ethan and LNG are highly valuable feedstocks for the Kingdom’s petrochemical’s industry,” the Aramco chief said

The field will also be able to produce about 425 million cubic feet of ethane per day, and about 550 thousand barrels per day of gas liquids and condensates.

Saudi Energy Minister Prince Abdulaziz bin Salman earlier said the Jafurah gas field will place the Kingdom third in the world in natural gas production by 2030.


Saudi Arabia’s cultural sector is a new economic engine between Riyadh and Paris, says ambassador

Updated 25 January 2026
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Saudi Arabia’s cultural sector is a new economic engine between Riyadh and Paris, says ambassador

RIYADH: Culture has become a fundamental pillar in bilateral relations between France and Saudi Arabia, according to the French Ambassador to the Kingdom, Patrick Maisonnave.

Maisonnave noted its connection to the entertainment and tourism sectors, which makes it a new engine for economic cooperation between Riyadh and Paris.

He told Al-Eqtisadiah during the opening ceremony of La Fabrique in the Jax district of Diriyah that cultural cooperation with Saudi Arabia is an important element for its attractiveness in the coming decades.

La Fabrique is a space dedicated to artistic creativity and cultural exchange, launched as part of a partnership between the Riyadh Art program and the French Institute in Riyadh. 

Running from Jan. 22 until Feb 14, the initiative will provide an open workspace that allows artists to develop and work on their ideas within a collaborative framework.

Launching La Fabrique as a space dedicated to artistic creativity

The ambassador highlighted that the transformation journey in the Kingdom under Vision 2030 has contributed to the emergence of a new generation of young artists and creators, alongside a growing desire in Saudi society to connect with culture and to embrace what is happening globally. 

He affirmed that the relationship between the two countries is “profound, even cultural par excellence,” with interest from the Saudi side in French culture, matched by increasing interest from the French public and cultural institutions unfolding in the Kingdom.

Latest estimates indicate that the culture-based economy represents about 2.3 percent of France’s gross domestic product, equivalent to more than 90 billion euros ($106.4 billion) in annual revenues, according to government data. The sector directly employs more than 600,000 people, making it one of the largest job-creating sectors in the fields of creativity, publishing, cinema, and visual arts.

Saudi Arabia benefiting from French experience in the cultural field

Maisonnave explained that France possesses established cultural institutions, while Saudi Arabia is building a strong cultural sector, which opens the door for cooperation opportunities.

This comes as an extension of the signing of 10 major cultural agreements a year ago between French and Saudi institutions, aiming to enhance cooperation and transfer French expertise and knowledge to contribute to the development of the cultural system in the Kingdom.

He added that experiences like La Fabrique provide an opportunity to meet the new generation of Saudi creators, who have expressed interest in connecting with French institutions and artists in Paris and France.

La Fabrique encompasses a space for multiple contemporary artistic practices, including performance arts, digital and interactive arts, photography, music, and cinema, while providing the public with an opportunity to witness the stages of producing artistic works and interact with the creative process.