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Saudi Aramco signs 31 agreements, MoUs worth $27.5 billion: CEO Nasser

The company did not provide details on the nature of the deals

AFP | PTI  |  Riyadh 

Saudi Aramco
Saudi Aramco | Reuters

Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and suppliers, CEO Amin Nasser said Monday.

"We signed $27.5 billion (24 billion euros) in a total of 31 commercial collaborations," Nasser said in a statement at an investment forum held in the eastern Saudi city of Dhahran.

The company did not provide details on the nature of the deals.

Last month, Aramco said it signed agreements and MOUs with scores of energy worth over $50 billion at a showcase investment summit boycotted by many and dignitaries over the murder of journalist Jamal Khashoggi.

Insider-turned-critic Khashoggi was killed and reportedly dismembered in Saudi Arabia's Istanbul consulate on October 2 in what the kingdom said was a "rogue" operation.

More than 1,000 local and energy service and equipment suppliers and manufacturers attended Monday's forum.

kingpin Saudi Arabia pumps over 10 million barrels per day of in addition to around 12 billion cubic feet of natural gas.

First Published: Mon, November 26 2018. 20:26 IST
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