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Aramco evaluates gas unit spin-off
Saudi Aramco is separating its gas operations into an independent unit to enhance its value, with the possibility of later being listed on the stock exchange or attracting new investments, potentially valued at over $100 billion. The majority of the growth plans focus on the Jafurah Field Project, which will see investments of more than $100 billion to develop, increasing gas production by approximately 80% by 2030. The expansion aims to provide around one million barrels of oil per day for export, in addition to the option of exporting liquefied natural gas or using it to power data centers.
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