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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi-Korean Partnership to Finance Jafurah Gas Field

Aramco Saudi Aramco Saudi Arabia Eastern Province Kingdom Kingdom of Saudi Arabia
Saudi and Korean officials during the signing ceremony of the agreement between Riyad Bank and Export-Import Bank of Korea (Asharq Al-Awsat)

Saudi Arabia’s Riyad Bank signed a project financing agreement with the Export-Import Bank of Korea to develop the power station project in the al-Jafurah gas field.

In 2020, Saudi Aramco that it had obtained approval to develop the Jafurah unconventional gas field in the Eastern Province, the largest non-associated gas field in the Kingdom of Saudi Arabia to date.

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