Saudi Aramco has begun selling condensate cargoes from its landmark Jafurah gas project to major international buyers including Chevron, ExxonMobil, and Indian Oil Corporation.

Saudi Aramco has begun selling condensate cargoes from its landmark Jafurah gas project to major international buyers including Chevron, ExxonMobil, and Indian Oil Corporation. The $100 billion project, one of the world's largest shale gas developments outside the United States, marks a significant expansion of Saudi Arabia's energy export capabilities. Chevron secured two cargoes for February and March delivery, while ExxonMobil and Indian Oil purchased additional volumes for April loading. The condensate is being sold at premiums of $2 to $3 per barrel above Dubai crude benchmarks. With an API gravity of 49.7 degrees and low sulfur content of 0.17 percent, Jafurah condensate yields approximately 40 percent petrochemical feedstock naphtha alongside gasoil and kerosene.