Saudi Aramco has signed 12 agreements worth billions of dollars with South Korea, the company said in a statement, according to Reuters.

The agreements were signed with a diverse set of companies that work on ship building, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage.

This comes as part of a long-term strategy for downstream growth and diversification.

Saudi Aramco said in a separate statement on the same day that it had signed a memorandum of understanding (MoU) with S-Oil, one of South Korea’s top refiners by capacity, for technical advice petrochemical plant worth $6 billion.