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Saudi energy giant Aramco signs deals worth $27.5 bln


PTI riyadh Last Updated at 26-11-2018 20:25:53 IST India

Riyadh, Nov 26 (AFP) Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth USD 27.5 billion with local and international suppliers, CEO Amin Nasser said Monday.

"We signed USD 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 companies worth over USD 50 billion at a showcase investment summit boycotted by many international companies 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 international energy service and equipment suppliers and manufacturers attended Monday's forum.

OPEC kingpin Saudi Arabia pumps over 10 million barrels per day of crude oil in addition to around 12 billion cubic feet of natural gas. (AFP)

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(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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