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Saudi Arabia reveals 14 new oil and gas finds
Saudi Arabia continues to strengthen its position in the global energy market through new discoveries and massive investments in oil, gas, and renewable energy. In April 2025, Aramco announced the discovery of 14 new oil and gas fields, including 8 oil fields and 6 gas fields, with expected production reaching millions of barrels per day and billions of cubic feet of gas. This enhances the kingdom's reserves and increases its market flexibility. Additionally, the country is moving forward with the development of the Jafurah gas project, estimated at billions of cubic feet, aiming for sales gas production by 2030. It is also expanding its renewable energy capacity through projects of up to 64 gigawatts. This reflects a balance between reliance on oil and the development of clean energy sources. Aramco possesses enormous oil and gas reserves, supports substantial investments, and demonstrates strong financial performance. The company is also working to diversify export routes and strengthen infrastructure to ensure market stability and achieve its future energy goals.
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