Saudi Arabia has told Exxon Mobil that it had closed talks on a USD 15 billion gas project, the biggest Saudi energy opening in nearly 30 years, oil company and Saudi sources said. Saudi Petroleum and Minerals Minister Ali Al-Naimi sent notice in a letter to Exxon and fellow consortium members ending negotiations to develop gas in the South Ghawar field. Other potential investors in what was known as Core Venture One were Royal DutchShell, BP and ConocoPhillips.
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