Saudi energy giant concludes deals worth more than $27bn

/ Financial News / Tuesday, 27 November 2018 11:40

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

“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 companies worth over $50 billion at a showcase investment summit boycotted by many international companies and dignitaries over the murder of journalist Jamal Khashoggi.

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.

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