Riyadh – Sharikat Mubasher: Saudi Aramco announced inking a number of agreements and a Memorandum of Understanding (MoU) with French companies worth more than $3.7 billion combined.
As per Aramco’s press release, the collaborations were announced during the French-Saudi Investment Roundtable Meeting, attended by Amin H. Nasser, Aramco President and CEO. They are aimed at strengthening Aramco’s supply chain, improving operational efficiency and continuity, and advancing industrial artificial intelligence and digital technologies.
The agreements include a corporate procurement agreement for drilling equipment and a purchase agreement for Oil Country Tubular Goods (OCTG).
Aramco Digital also signed an MoU establishing a framework for potential collaboration in industrial AI, virtual and digital twin technologies, and related applications, including in the oil and gas sector.
The partnerships are expected to support capacity and capability development, technology transfer, innovation and supply chain resilience, while generating economic value for both Saudi Arabia and France.
