21:10 GMT29 May 2020
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    The gas field in Al-Jafurah is the largest unconventional gas field discovered in the Kingdom so far, estimated to be 170 kilometres in length and 100 kilometres in width.

    State-owned Saudi Aramco has announced it received approval for the development of the giant gas field in Jafurah, located in Saudi Arabia's Eastern Province, Okaz newspaper reported citing Saudi Aramco chairman Yasser Al-Rumayyan.

    According to Al-Rumayyan, the development of the Al-Jafurah gas field will enhance the Kingdom's position in the global energy sector. The Kingdom plans to invest $110 billion in its development.

    The development is divided into several steps and production is expected to start in 2024, expecting to reach about 2.2 billion cubic feet per day by 2036, according to the Saudi Press Agency. It added that the Crown Prince, Mohammed bin Salman, is said to be prioritising the development of the Al-Jafurah gas field to support the Kingdom's ambitious Vision 2030.

    Tags:
    energy sector, Vision 2030, Eastern Province, Gulf Arabs, business, kingdom, Mohamed bin Salman, Saudi Arabia
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