FILE PHOTO: Visitors are seen at the Saudi Aramco stand at the Middle East Process Engineering Conference & Exhibition in Manama, Bahrain, October 9, 2016. REUTERS/Hamad I Mohammed/File Photo
December 13, 2017
DAMMAM, Saudi Arabia (Reuters) – Saudi Aramco [IPO-ARMO.SE] signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals (8 billion pounds).
The bulk of the memorandum of understanding agreements were part of a drive to promote local manufacturing, the company said. One agreement was also signed with drilling and oil service company Schlumberger <SLBG34.SA> worth 6 billion riyals.
(Reporting By Rania El Gamal and Reem Shamseddine)
