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05/12/2025 03:13 AST
The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.
The finance ministry, in its 2026 budget statement, listed the milestone as an achievement reached in 2025.
Jafurah's gas output will be used for domestic power generation, freeing up crude for export that is currently used for power in the kingdom.
Aramco has said its unconventional gas program at peak production is expected to generate electricity equivalent to displacing 500,000 barrels per day of oil.
The $100 billion Jafurah project, estimated to contain 229 trillion standard cubic feet of raw gas, is central to Aramco's ambitions to become a major global player in natural gas and boost its gas production capacity.
Aramco's gas production was 12.6 billion cubic feet per day at the end of September, up from 12 bcfd a year earlier.
Aramco last month said it was boosting its gas growth target to 80% above 2021 levels from a previous targeted growth of 60%.
In its 2021 annual report, Aramco said it reached a single-day record gas output at the time of 10.8 bcfd.
Aramco CEO Amin Nasser, who has called Jafurah a crown jewel in the company's portfolio, said during an earnings call last month the first phase was on track for completion by the end of this year.
Asharq Al Awsat
25/12/2025
SLB, technology company, has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields.
This award is part of a broader multi-billion cont
Trade Arabia
10/12/2025
Qualcomm Technologies International Limited, a subsidiary of Qualcomm Incorporated, and Aramco through the Saudi Accelerated Innovation Lab (AramcoSAIL), a hub for innovation and technology developme
Trade Arabia
08/12/2025
Saudi-based Alhani Construction & Trading, Saudi Arabia has announced that work is in full swing at the landmark Aramco Stadium project in Al Khobar in the kingdom's Eastern Province and is on track
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ADNOCGAS | 3.36 | 0.02 (0.59 |
| ADNOCDRILL | 5.49 | 0.09 (1.66 |
| BAHRI | 29.50 | 0.00 (0.00 |
| ADES | 16.97 | 0.12 (0.71 |
| NMDCENR | 2.40 | 0.01 (0.41 |
26/12/2025
As part of its ongoing support for the "Diraya" campaign, and on the occasion of the New Year holiday, Gulf Bank has provided a set of valuable tips to help travelers manage their finances wisely, pr
Kuwait Times
26/12/2025
Dukhan Bank has announced the launch of its UK Winter Spend Campaign, offering customers additional DAwards when using their Dukhan Bank Visa credit cards in the United Kingdom during the winter seas
The Peninsula
26/12/2025
Emsteel Group, a leading integrated steel and building materials manufacturer in the region, has announced a major step toward decarbonising steel production through collaboration with the Emirates N
Trade Arabia
25/12/2025
Ooredoo Qatar has launched its new eSIM solution for Internet of Things (IoT) devices, developed to support enterprises in simplifying device management, enhancing security, and scaling IoT operation
Gulf Times
25/12/2025
Ahlibank has been officially certified to the internationally recognised ISO 22301 standard for Business Continuity Management Systems (BCMS) by Intertek Global International.
This milestone
The Peninsula
Financial Information Co.
Saudi Arabia