Saudi Aramco signs MOUs worth $10.4 bn to push local manufacturing

One agreement was also signed with drilling and oil service company Schlumberger worth 6 billion riyals

Rania El Gamal & Reem Shamseddine | Reuters  |  DAMMAM, Saudi Arabia 

Saudi Aramco, Reuters
Saudi Aramco, Photo: Reuters

signed on Wednesday agreements with foreign and local worth at least 39 billion riyals ($10.4 billion).

The bulk of the memorandum of understanding agreements were part of a drive to promote local manufacturing, the company said. One agreement was also signed with drilling and oil service company Schlumberger worth 6 billion riyals.

 

First Published: Thu, December 14 2017. 02:41 IST