Aramco signs $27.5b deals

Saudi energy giant Aramco has signed 31 agreements and memoranda of understanding worth $27.5 billion (Dh100 billion) with local and international suppliers, CEO Amin Nasser said yesterday.

“We signed $27.5 billion in a total of 31 commercial collaborations,” Nasser said in a statement at an investment forum held in the eastern Saudi city of Dhahran.

Last month, Aramco said it signed agreements and MOUs with scores of energy companies worth over $50 billion at its showcase investment summit.