Aramco has signed new agreements and a memorandum of understanding with French companies worth a potential combined value exceeding $3.7 billion. The collaborations were announced during the French-Saudi Investment Roundtable Meeting attended by Aramco president and CEO Amin Nasser, and aim to reinforce the company's supply chain ecosystem and improve operational efficiency. The agreements cover project support, capacity building, technology transfer, innovation and supply chain resilience, and include a corporate procurement agreement for drilling equipment, a purchase agreement for Oil Country Tubular Goods, and an MoU with Aramco Digital focused on industrial AI and digital twin technologies. Aramco did not disclose the names of the French companies involved.
Aramco signs $3.7bn agreements with French companies to reinforce supply chain and operational efficiency.
MoU with Aramco Digital focuses on industrial AI and digital twin technologies.
