Aramco, French Firms Sign Deals Worth $10B

Aramco, French Firms Sign Deals Worth $10B

Saudi Aramco has agreed eight deals worth $10 billion with French companies during Crown Prince Mohammed bin Salman’s visit to France, Reuters reported.

Aramco chief executive Amin Nasser stated on April 9 that the oil giant will finalise the accords on April 10 in an official signing ceremony during a Saudi-France economic forum.

Aramco and Total plan to sign an agreement to expand their joint refinery in Saudi Arabia. Neither Total or Aramco gave any further details about the deal.

The two countries are also said to be working on a strategic document that will lead to further contracts by the end of 2018 when French President Emmanuel Macron visits Saudi Arabia.


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