Hadabat al Hajara gas field in al-Jof region has a daily production rate of 16 million cubic feets of natural gas, along with 1944 bpd of oil condensate, according to the minister.
Saudi Aramco is expected to announce a drop in profits as it unveils Monday its first annual results since its listing, as the energy giant grapples with sinking oil prices.
Global rating agency Standard & Poor's said that the coronavirus may further push down oil prices.
State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares.
Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s biggest IPO.
It would be the world's biggest if it eclipses Chinese retail giant Alibaba's $25 billion listing in 2014.
Saudi Arabia announced Sunday the stock market debut of energy giant Aramco in what could be the world's biggest IPO.
Yemen’s Houthi group claimed responsibility for the attacks.
Saudi Arabia has said it would be able to meet oil customers’ demand from its ample storage. But this is the first indication that its supply to top consumers in Asia