Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion Stock Tank Barrels
Chinese banks provided more than a third of the financing for Saudi Aramco’s Jafurah gas project, Reuters reported. 
Bank of China, ICBC and China Construction Bank each provided about $1 billion in funding, while Agricultural Bank of China offered around $750 million, it added.
According to Argaam’s data, Reuters reported recently that a group of investors, led by BlackRock’s arm Global Infrastructure Partners, were in talks with lenders to obtain funding of up to $10.3 billion to invest in the infrastructure of Saudi Aramco’s Jafurah gas field.
Saudi Aramco signed in August an $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock. As part of the transaction a newly-formed subsidiary, Jafurah Midstream Gas Company (JMGC), will lease development and usage rights for the Jafurah Field Gas Plant and the Riyas NGL Fractionation Facility, and lease them back to Aramco for a period of 20 years.
Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion Stock Tank Barrels. It is a key component in Aramco’s plans to increase gas production capacity by 60% between 2021 and 2030, to meet rising demand.
Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion Stock Tank Barrels
Chinese banks provided more than a third of the financing for Saudi Aramco’s Jafurah gas project, Reuters reported.
Bank of China, ICBC and China Construction Bank each provided about $1 billion in funding, while Agricultural Bank of China offered around $750 million, it added.
According to Argaam’s data, Reuters reported recently that a group of investors, led by BlackRock’s arm Global Infrastructure Partners, were in talks with lenders to obtain funding of up to $10.3 billion to invest in the infrastructure of Saudi Aramco’s Jafurah gas field.
Saudi Aramco signed in August an $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock. As part of the transaction a newly-formed subsidiary, Jafurah Midstream Gas Company (JMGC), will lease development and usage rights for the Jafurah Field Gas Plant and the Riyas NGL Fractionation Facility, and lease them back to Aramco for a period of 20 years.
Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion Stock Tank Barrels. It is a key component in Aramco’s plans to increase gas production capacity by 60% between 2021 and 2030, to meet rising demand.
