Aramco Finalizes $11B Jafurah Gas Deal and AI Partnership with PIF

 Aramco Finalizes $11 Billion Jafurah Gas Deal and Signs AI Partnership with PIF

Saudi Aramco, one of the world’s leading energy companies, has successfully completed an $11 billion lease and leaseback agreement for its Jafurah gas processing facilities. In addition, Aramco has agreed to acquire a minority stake in HUMAIN, a company owned by the Saudi Public Investment Fund (PIF), focused on advancing artificial intelligence globally.

$11 Billion Leaseback Transaction

The leaseback deal was finalized with a consortium of international investors led by Global Infrastructure Partners (GIP). The consortium includes Hassana Investment Company, The Arab Energy Fund (TAEF), and other institutional partners. First announced in August 2025, this transaction unlocks value from Aramco’s assets and supports the ongoing development of the Jafurah gas field, one of the world’s largest unconventional gas projects.

The Jafurah field is estimated to contain 229 trillion standard cubic feet (tscf) of raw gas and 75 billion stock tank barrels (STB) of condensates. Production is expected to start in 2025, gradually ramping up to 2 billion cubic feet per day (bcf/d) of sales gas, 420 million standard cubic feet per day (mmscf/d) of ethane, and 630,000 barrels per day (bbl/d) of high-value liquids by 2030.

AI Partnership with PIF

Aramco has also signed a non-binding term sheet with PIF to acquire a minority stake in HUMAIN, a company dedicated to developing advanced AI capabilities worldwide.

Founded in May 2025, HUMAIN focuses on:

Next-generation data centers and high-performance cloud infrastructure

Advanced AI models, including the Arabic Large Language Model (ALLAM), one of the world’s leading multimodal Arabic LLMs

Transformative AI solutions designed for global markets

Both Aramco and PIF plan to contribute AI assets, expertise, and talent to accelerate HUMAIN’s growth, positioning Saudi Arabia as a global leader in AI and data innovation. PIF will retain majority ownership, while Aramco brings strategic support and investment.