Saudi Aramco has signed procurement agreements worth $6 billion with local vendors, aimed at widening its domestic supply base.

The agreements, totaling 40 in number, were signed on February 27 and are expected to have a significant impact on the domestic value chain.

According to Aramco, these agreements will contribute to the domestic value chain and further enhance the ecosystem that the company is helping to build.

The agreements cover a wide range of products, including strategic commodities such as instrumentation, electrical, and drilling equipment.