Saudi Aramco discovers two oil and gas fields

Saudi Aramco has discovered two new oil and gas fields in the north of the Kingdom, the energy minister announced on Sunday. (File/AFP)
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Updated 30 August 2020

Saudi Aramco discovers two oil and gas fields

  • Abraq Al-Tuloul is an oil and gas field
  • Hadbat Al-Hajarah is an oil field

RIYADH: Saudi Aramco has discovered two new oil and gas fields in the north of the Kingdom, the energy minister announced on Sunday.
A gas field called “Hadbat Al-Hajarah” was discovered in the Al-Jouf region and an oil and gas field called “Abraq Al-Tuloul” was discovered in the Northern Borders region, Prince Abdul Aziz bin Salman said.
Gas from the Al-Sara reservoir at the Hadbat Al-Hajarah field, east of Sakaka, flows at a rate of 16 million standard cubic feet per day. It also produces 1,944 barrels of condensate.
Arab Light crude oil flows from the Al-Sharurah reservoir in the Abraq Al-Tuloul field, which lies to the south east of the northern city of Arar, at a rate of 3,189 barrels per day. The reservoir  also produces 1.1 million cubic feet of natural gas per day.

Al-Qawwarah, another gas reservoir in the same field, produces 2.4 million cubic feet of natural gas and 49 barrels of condensate per day.

The minister added that Aramco would continue to work on assessing the quantities of oil, gas and condensate in the two fields, in addition to digging more wells to determine their area and size.


Dubai’s Al-Habtoor Group to open representative office in Israel

Updated 20 September 2020

Dubai’s Al-Habtoor Group to open representative office in Israel

  • Al-Habtoor and Fogel both welcomed the landmark agreement that was signed on Sept. 15 in the US
  • The tycoon revealed his plans to open a representative office in Israel

DUBAI: Dubai’s Al-Habtoor Group (AHG) plans to open a representative office in Israel its chairman said, following an historic peace deal signed last week between the UAE and Israel to normalize relations.

Khalaf Ahmad Al-Habtoor, who is AHG founding chairman, welcomed Ampa Group’s co-owner, chairman and CEO Shlomi Fogel at the hospitality conglomerate’s Dubai headquarters. Ampa Group deals in real estate, finance and industry. 

Al-Habtoor and Fogel both welcomed the landmark agreement that was signed on Sept. 15 in the US. 

The UAE and Bahrain signed the Abraham Accords in a ceremony overseen by US President Donald Trump. The two Gulf countries join Egypt and Jordan as the only Arab nations to have full relations with Israel.

“I have been looking forward to this day for a very long time,” Al-Habtoor said. “I have always believed that Emiratis and Israelis have a lot in common. Both peoples are business-oriented and have relied on human talent and ambition more than their countries’ natural resources to build robust, innovative economies. The opportunities that this deal will present are great for both sides. I am confident this will open up new doors and lead to stronger economies, and closer cultural ties between the peoples.”

The tycoon revealed his plans to open a representative office in Israel and said that there was a lot of interest in collaboration.

“We have received a large number of inquiries for collaboration in several fields, ranging from AI and technology, to agriculture, hospitality and trading. The possibilities are endless for both sides in our diversified fields and new ones, and we want to be present to grasp them.”

He previously disclosed that AHG had started talks with Israeli domestic carrier Israir Airlines to open direct commercial flights, “and we are preparing to reveal a few collaborations in the coming days.”

Fogel said that peace would be cemented through successful business collaboration and trade. “Together with our Emirati counterparts we will show the way to live in peace to the rest of the world,” he added.

Fogel was accompanied at the meeting by Ampa Group executives, including Erez Katz and Saar Bracha.

AHG was represented at the meeting by Mohammed Al-Habtoor, Ahmad Al-Habtoor, Maan Halabi, Sanjeev Agarwala and other members of senior management.