RIYADH: Saudi Arabia’s Cabinet on Tuesday reiterated the Kingdom’s tireless efforts alongside its partners at the political and humanitarian levels to halt the Israeli aggression against the Palestinian people, the Saudi Press Agency reported.
For nearly nine months, Israel has been carrying out a devastating ground an air incursion inside the Gaza Strip after Hamas militants attacked Israeli settlements bordering the enclave.
The Kingdom and allies have been pushing for a ceasefire to end the conflict and bring relief to the more than 2 million people living in the Palestinian territory.
Separately, ministers welcomed the discovery of seven oil and gas deposits in the Kingdom’s Eastern Province and Empty Quarter.
On Monday, Prince Abdulaziz bin Salman said Saudi Aramco had discovered “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs,” SPA reported.
During the meeting, chaired by Crown Prince Mohammed bin Salman in Jeddah, ministers said awarding contracts for the second phase of the Jafurah gas field development and the third stage of the expansion of the master gas system falls within continuing development and economic diversification effort, and strengthens the Kingdom’s leadership position in global energy markets.
Saudi Aramco on Sunday granted 16 agreements for phase two development at Jafurah, worth a combined total of around $12.4 billion.
An additional 15 one-time complete contracts, worth around $8.8 billion, have been awarded to commence phase three expansion of the master gas system, which delivers natural gas to customers across Saudi Arabia.
The cabinet highlighted the launch of a geographical survey project for renewable energy in the Kingdom, which is considered the first of its kind in the world, and reflects the commitment to achieving national targets in the production of renewable energy.
This contributes to reaching the optimal energy mix for generating electricity, supporting the Kingdom’s trend towards exporting electrical energy, and producing clean hydrogen.
