The agreements with 15 international partner companies and entities, from eight countries in three continents, are valued at more than US$34 billion.
Partner companies are based in France, China, the US, Japan, the UAE, the UK, South Korea and India.
The MoUs and commercial collaborations signed include:
- MoU with Total to launch engineering studies to build a petrochemical complex in Jubail, Saudi Arabia.
- MoU with Total regarding the potential establishment of a retail service station network.
- MoU with Hyundai Heavy Industries regarding potential HHI investments in the King Salman International Maritime Complex for Industries and Services at Ras Al Khair, Saudi Arabia.
- MoU with GumPro (India) to invest in a drilling chemicals facility.
- MoU with Acwa Power (Saudi Arabia) and Air Products (USA) regarding the Jazan Refinery gasification power project.
- MoU with Sumitomo (Japan) regarding potential investments to upgrading PetroRabigh Refinery.
- MoU with Norinco (China) regarding potential investments in refining and chemicals projects.
Other companies with which Saudi Aramco made agreements include Baker Hughes GE, Schlumberger, Halliburton, Oilfield Supply Center, Flex-Steel, the UAE’s National Petroleum Construction Co., and SeAH Changwon Integrated Specialty Steel Co. Ltd.
