Aramco in talks with Sinopec, Total for $10bln gas deal -Bloomberg News

Aramco in talks with Sinopec, Total for $10bln gas deal -Bloomberg News

Saudi Arabian oil giant Aramco is in talks with refining giant Sinopec Corp and French oil major TotalEnergies for a gas deal of about $10 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Sinopec and TotalEnergies are in separate discussions to invest in the Jafurah development in Saudi Arabia, the report said, adding that the plans may include the construction of facilities to export the fuel as liquefied natural gas.

Aramco, Sinopec and TotalEnergies did not immediately respond to Reuters requests for comment.

(Reporting by Kanjyik Ghosh and Maria Ponnezhath in Bengaluru; Editing by Alexander Smith)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.