Shell, Total Sign Saudi Gas Development Deal
From Reuters
Western energy firms won their first rights to exploit Saudi Arabia’s huge energy reserves since the kingdom nationalized the industry in the 1970s.
A consortium led by Royal/Dutch Shell and including Total struck a gas development deal covering 77,000 square miles in the vast Empty Quarter desert area of the Arabian peninsula. Terms were not disclosed.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.