Saudi Aramco reveals $10bn collaboration with US firms

Agreements signed in New York coincide with the US tour of Saudi Arabia’s Crown Prince.

Saudi Arabia's Crown Prince Mohammad bin Salman's trip to the US has been the springboard for Aramco's deal announcements.
Saudi Arabia's Crown Prince Mohammad bin Salman's trip to the US has been the springboard for Aramco's deal announcements.

The world’s biggest oil producer Saudi Aramco has announced $10bn worth of cooperation deals with 14 American companies, the company revealed during the Saudi-US CEO forum in New York, according to our sister publication Arabian Business.

Aramco has forged ties with a range of US companies and these include some involved in off-shore drilling, cyber-security, cloud services, media and scientific research.

The forum was a platform to promote bilateral business cooperation between the two countries, and was scheduled to coincide with Saudi Crown Prince Mohammad bin Salman’s visit to the US.

“The growth of Saudi Aramco’s operations and the strategic roll out of Saudi Vision 2030 will provide multiple opportunities for strengthening our collaboration and partnerships, not only in the oil and gas, refining and chemicals sector, but also in digital technologies and cooperation in the fields of environmental conservation, climate change and the development of innovation,” said Saudi Aramco president and CEO Amin Nasser.

Nasser added that his firm is exploring opportunities for cooperation in infrastructure, manufacturing and the services industry.

Mohammad bin Salman is presently on a two week tour of the US in which he is meeting leading political and business figures, including former President Barack Obama, current Vice President Mike Pence, senior adviser Jared Kushner and media tycoon Rupert Murdoch. MBS, as he is known, is also slated to meet Elon Musk and Bill Gates as well as senior figures from the oil and gas industry.

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