BRICS: Saudi Arabia Makes Massive Oil and Gas Discovery
Saudi Arabia announced a massive discovery of oil and gas deposits in the Eastern Province of the Kingdom on Monday. The Kingdom discovered seven oil and gas deposits which include “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs”, SPA reported. The discovery comes at a time when the 50-year petrodollar agreement ended. The discovery of new oil and gas deposits in Saudi Arabia boosts the prospects of the BRICS alliance. Also Read: BRICS: JP Morgan Predicts Huge US Stock Market Crash JUST IN: Saudi Arabia announces discovery of multiple oil and gas fields. pic.twitter.com/YbD3LCVrtB — BRICS News (@BRICSinfo) July 1, 2024 Energy Minister Prince Abdulaziz bin Salman said the seven oil and gas deposits will further boost the Kingdom’s finances. BRICS is looking to control the global oil and gas sector and has invited Saudi Arabia to join the bloc. The Kingdom is yet to accept the invitation and...