Media Wire

Saudi Arabia announces discovery of major oil, gas deposits

Saudi Arabia's energy minister has announced the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported.

Saudi Energy Minister Prince Abdulaziz bin Salman said state oil group Saudi Aramco had discovered “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs”.

Two unconventional oil fields and one reservoir were discovered in Saudi’s Eastern Province while two natural gas fields and two reservoirs in the Kingdom’s Empty Quarter.

The discovery was made by Aramco, Saudi Arabia’s state-owned oil company.

Saudi Arabia is the world’s largest crude oil exporter and leader of the Organization of Petroleum Exporting Countries (OPEC).

Aramco’s oil production hit 500,000 barrels per day (bpd) in 1949, and the company currently produces around 9 million bpd, making it one of the world’s largest oil producers.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

Recent Posts

International Quds Day Marches Across Iran

The International Quds Day march was held across Iran, coinciding with the last Friday of…

9 hours ago

Aide to Iran Leader voices optimism about talks with US

Ali Larijani, a member of Iran’s Expediency Council and an adviser to Iran’s leader, has…

9 hours ago

Iran envoy to Iraq: Dissolution of PMU up to Iraqi officials

Iran’s Ambassador to Iraq has said Tehran is ready for talks with the US over…

10 hours ago

Quds Day marchers call for prosecution of “Gaza Butcher”, condemn genocide, forced displacement of Palestinians

Participants in the rallies commemorating International Quds Day across Iran called for the prosecution of…

13 hours ago

British foreign secretary highlights diplomatic solution for Iran nuclear case

The British Foreign Secretary, David Lammy, emphasized the UK's and other European countries' commitment to…

16 hours ago

FM Araghchi on Trump’s Letter: We Will Not Allow Threats Against Nation

Iranian Foreign Minister, Seyed Abbas Araghchi, stated that certain parts of US President Donald Trump’s…

16 hours ago