Saudi Aramco begins Jafurah condensate exports with sales to US and India

Saudi Aramco has finalised income agreements for respective shipments of ultra-light crude oil, known arsenic condensate, from its Jafurah state improvement to large US vigor companies and an Indian refiner, reported Reuters, citing 4 commercialized sources.

The archetypal export cargo is scheduled for aboriginal successful the month. Chevron acquired 2 consignments acceptable for loading some aboriginal this period and successful March.

ExxonMobil and Indian Oil Corporation purchased cargoes owed for lifting adjacent month. Trade sources indicated that the cargoes were priced astatine a premium of $2–3 per tube (bbl) supra Dubai quotes connected a free-on-board basis.

Chevron's archetypal shipment is expected to beryllium delivered to GS Caltex, its South Korean joint-venture refiner, portion the 2nd whitethorn beryllium destined for Star Petroleum Refining successful Thailand.

Saudi Aramco reported that it is cooperating with the Ministry of Energy to summation accumulation successful accordance with approved improvement plans and marketplace requirements.

The institution besides mentioned that it does not supply comments connected marketplace speculation oregon details relating to idiosyncratic cargoes, clients oregon commercialized arrangements.

Chevron declined to remark connected the transactions, portion Exxon, Indian Oil, Star Petroleum Refining and GS Caltex did not instantly respond to requests for comment.

Jafurah is identified arsenic the largest shale state task extracurricular the US, with projections indicating that sustainable accumulation could scope 2 cardinal cubic feet per time by 2030.

A root antecedently told Reuters that Aramco whitethorn export betwixt 4 and six cargoes per period from Yanbu larboard connected Saudi Arabia’s eastbound coast, each containing astir 500,000bbl of condensate.

Condensate is simply a non-gas liquid that tin beryllium processed astatine splitters to make petrochemical feedstock specified arsenic naphtha and different refined products, oregon blended with crude lipid for distillation astatine refineries.

According to a preliminary crude assay reviewed by Reuters, Jafurah condensate has an API gravity of 49.7 degrees and a sulphur contented of astir 0.17%.

Around 40% of its output consists of petrochemical feedstock naphtha, chiefly heavier grades, portion the remainder includes gasoil and kerosene.

The Jafurah task holds an estimated 229 trillion modular cubic feet of earthy state and 75 cardinal barrels of condensate. It forms portion of Aramco’s broader strategy to summation earthy state output and grow its scope of airy crude grades successful planetary markets.

In November 2025, Saudi Aramco engaged Citigroup arsenic advisor for the planned merchantability of a involvement successful its lipid export and retention terminals business.

"Saudi Aramco begins Jafurah condensate exports with income to US and India" was primitively created and published by Offshore Technology, a GlobalData owned brand.