# MidOcean Energy

Type: Company

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/midocean-energy
Canonical HTML page: https://getfinancebrief.com/entity/midocean-energy

## Timeline

- **2030-12-31**: Target Completion — Deadline for 60% production increase and elimination of domestic oil-fired power.
- **2026-02-27**: Momentum Update — Aramco reports major progress toward the 60% growth target with infrastructure on track.
- **2024-02-23**: Jafurah Milestone — First condensate cargoes from the Jafurah field are sold to international buyers.
- **2021-11-01**: Strategy Launch — Aramco announces major gas expansion plans as part of Vision 2030.

## Recent coverage (1 stories)

### Aramco Accelerates Gas Expansion to Meet 60% Growth Target by 2030
2026-02-27 07:37:32 · Sentiment: Bullish · Impact: 7/10 · Sources: 2

Saudi Aramco is reporting significant progress in its multi-billion dollar gas expansion strategy, aiming to increase production by 60% by 2030 compared to 2021 levels. This shift is designed to optimize the Kingdom's energy mix, replace liquid fuels in power generation, and establish a major foothold in the global LNG market.
Full story: https://getfinancebrief.com/story/aramco-gas-strategy-momentum-2030-target

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