:Saudi Arabian oil giant Aramco is in a 'listening phase' on proposals from refining giant Sinopec Corp and French oil major TotalEnergies for a slice of a shale gas development project worth about $10 billion, two sources with knowledge of the matter said on Tuesday.Sinopec and TotalEnergies are in separate
:Saudi Arabian oil giant Aramco is in a"listening phase" on proposals from refining giant Sinopec Corp and French oil major TotalEnergies for a slice of a shale gas development project worth about $10 billion, two sources with knowledge of the matter said on Tuesday.
Aramco and Sinopec did not immediately respond to Reuters requests for comment. TotalEnergies declined to comment."We don't comment on market rumors," a company spokesperson said. Thanks to a fracking method the company developed using seawater from the nearby Gulf coast, Saudi Aramco has said it expects the field to produce about 2 billion cubic feet of gas per day by 2030, at a total cost of $24 billion.
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