Aramco deepens French ties with $3.7 billion deals
Arabian Post Staff -Dubai Saudi Aramco has signed agreements with French companies carrying a potential combined value of more than $3.7 billion, expanding cooperation in drilling equipment, specialised oilfield products and industrial artificial intelligence. The agreements were announced during a Saudi-French investment roundtable in Paris on Monday, August 24, attended by Aramco president and…
Saudi Aramco has solidified its ties with France through a series of $3.7 billion agreements, expanding cooperation in drilling equipment, specialized oilfield products, and industrial artificial intelligence. These deals were announced during a Saudi-French investment roundtable in Paris on August 24, attended by Aramco President and CEO Amin H. Nasser.
The agreements are part of a broader effort by both nations to strengthen investment and industrial partnerships during Crown Prince Mohammed bin Salman's visit to France. The package includes a corporate procurement agreement for drilling equipment and a purchase agreement for oil country tubular goods (OCTG), which are essential for oil and gas wells.
A separate memorandum of understanding with Aramco Digital aims to explore industrial artificial intelligence, virtual twin, and digital twin technologies. These agreements highlight Aramco's commitment to integrating digital technology into its operations, aiming to enhance efficiency, reliability, and supply-chain resilience. This move also aligns with Saudi Arabia and France's broader strategy to deepen economic ties during the Crown Prince's visit.
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- Aramco deepens French ties with $3.7 billion deals thearabianpost.com
- Aramco signs over $3.7bn in agreements with French firms english.ajel.sa
