HOUSTON, Texas/DUBAI -- Saudi Arabia, the world's largest crude oil exporter, plans to invest more than $100 billion to become the world's third-largest shale gas producer after the U.S. and Russia as its economy braces for a decarbonized society.
Oil leader looks to maintain status as energy power amid shifting landscape

State-owned Saudi Aramco is planning major investments in the Jafurah shale gas field, the largest in the Middle East. © Reuters
HOUSTON, Texas/DUBAI -- Saudi Arabia, the world's largest crude oil exporter, plans to invest more than $100 billion to become the world's third-largest shale gas producer after the U.S. and Russia as its economy braces for a decarbonized society.