Saudi Arabia announces 14 new oil and gas discoveries

Saudi Arabian oil company Saudi Aramco has discovered 14 new oil and natural gas fields and reservoirs in the Eastern Province and the Empty Quarter. The discoveries include six fields and two reservoirs of Arabian oil, as well as two fields and four reservoirs of natural gas.

This was announced by Minister of Energy Prince Abdulaziz bin Salman on Wednesday.

The Minister also extended his congratulations to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to the Crown Prince and Prime Minister Mohammed bin Salman on the discoveries.Dwelling on the significance of the development, the Minister said the discoveries consolidates the Kingdom’s leading position in the global energy sector, as they confirm its possession of rich hydrocarbon resources. This further opens new horizons for economic development in line with Vision 2030 and supports the Kingdom’s ability to meet local and global energy demand for decades to come, he added.