(MENAFN) Russia's Lukoil plans to tap unconventional gas deposits in Saudi Arabia through a deal with the world's top oil exporter, according to Arab News
Saudi Arabia needs natural gas to help cover domestic power and conserve oil for export
Sadad Al-Husseini, a former senior executive at Saudi Aramco said: "The assumptions of the initial gas exploration agreements do not exist anymore because in spite of a decade of exploration, no commercial gas discoveries have been made.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.