(MENAFN) Royal Dutch Shell said it plans to end its investments in a gas development project in Saudi Arabia, complicating Saudi efforts to exploit its huge gas reserves, according to Arab News.
The search for gas has been a priority for Saudi Arabia as it aims to cover the rapidly growing domestic demand.
Shell said: "Shell has decided to end further investment in the Kidan development."
It added: "This was a difficult decision but Shell remains committed to the Kingdom and we are keen to grow our investments, both in upstream and downstream."
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.