Saudi Aramco sells first Jafurah condensate cargoes to US firms, India, sources say

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Can gold rise to new highs above $5,600 in 2026? Bitcoin slips after earlier gains amid tariff volatility Bull vs. bear argument on Friday’s Supreme Court tariff ruling 3 key earnings reports for this week to keep the AI trade alive (South Africa Philippines Nigeria) Saudi Aramco sells first Jafurah condensate cargoes to US firms, India, sources say By Reuters Commodities Published 02/23/2026, 01:20 AM Updated 02/23/2026, 01:26 AM Saudi Aramco sells first Jafurah condensate cargoes to US firms, India, sources say 0 CVX -0.46% XOM -2.44% CL -1.08% IOC 1.16% 2222 0.39% DBLc1 0.01% By Florence Tan and Siyi Liu SINGAPORE, Feb 23 - State energy major Saudi Aramco has sold several cargoes of ultra light crude oil from its $100 billion Jafurah gas plant to U.S. majors and an Indian refiner as it prepares to export its first cargo later this month, four trade sources said. The Jafurah project, estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion barrels of condensate, is central to Aramco’s ambitions to boost its gas output to become a major global natural gas player and to expand its offerings of light crude grades. U.S. major Chevron has bought two Jafurah condensate cargoes for loading later this month and in March while Exxon Mobil Corp and Indian Oil Corp purchased cargoes to be lifted next month, the sources said. The cargoes were sold at premiums of $2 to $3 a barrel to Dubai quotes on free-on-board basis, they added. FIRST CARGO LIKELY FOR SOUTH KOREA Chevron ’s first cargo is likely to go to its South Korean joint-venture refiner GS Caltex while the second could head to Thailand for Star Petroleum Refining, two of the sources said. Aramco, Exxon, IOC and SPRC did not immediately respond to requests for comments. GS Caltex did not have an immediate comment. Chevron declined to comment. Jafurah is potentially the biggest shale gas project outside the U.S. and is expected to reach sus...