Aramco in talks with Sinopec, Total for $10 billion gas deal: Report

Representative image. Credit: Reuters File photo

Saudi Arabian oil giant Aramco is in talks with refining giant Sinopec Corp and French oil major TotalEnergies for a gas deal of about $10 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Sinopec and TotalEnergies are in separate discussions to invest in the Jafurah development in Saudi Arabia, the report said, adding that the plans may include the construction of facilities to export the fuel as liquefied natural gas.

Aramco, Sinopec and TotalSinopec Corp Energies did not immediately respond to Reuters requests for comment.