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FinancialNews


  • 12-09-21

    Saudi Aramco to split its gas production division into two

    (MENAFN) According to Bloomberg, referring to unnamed people familiar with the plans, Saudi Aramco plans to divide its gas production into two to make greater use of the fuel in power generation and the production of so-called blue hydrogen.

    The sources further declared that the two new divisions are going to be called Southern Area Gas Operations and Northern Area Gas Operations, and are going to be led by Wail Al Jaafari and Jumaan Al Zahrani.

    Bloomberg also reported that Saudi Arabia plans to change its power stations to natural gas, permitting it to divert as much as 1 million barrels of crude oil a day for export.

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