Saudi Aramco Secures First Condensate Deals From $100 Billion Jafurah Project

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Saudi Aramco has secured its first deals for gas condensates from the $100-billion Jafurah shale gas project, including agreements with U.S. companies Chevron and Exxon, and Indian Oil Corp.

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Market impact analysis based on bullish sentiment with 85% confidence.

Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term

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Saudi Aramco has sealed deals for several cargos of gas condensates from its $100-billion Jafurah shale gas facility, Reuters has reported, citing unnamed trade sources. The first cargo is set to depart by the end of the month. The deals Aramco has already secured are with U.S. companies and one Indian refiner, the Reuters sources told the publication. The U.S. buyers include Chevron and Exxon, and the Indian client is Indian Oil Corp. The Jafurah gas field has estimated reserves of close to 230 trillion cu ft of natural gas and 75 billion barrels…

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Original article published by OilPrice.com on February 23, 2026.
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