Aramco, one of the worldโs leading integrated energy and chemicals companies, recently announced agreements and a Memorandum of Understanding (MoU) with a potential combined value of more than $3.7 billion with French companies.
These collaborative efforts are expected to strengthen Aramcoโs supply chain ecosystem, enhance operational continuity and efficiency, advance industrial artificial intelligence and digital technologies, and deliver economic value to the Kingdom and France.
The collaborations focus on project support, capacity building and capability development, technology transfer and innovation, and supply chain resilience. They include:
- Corporate procurement agreement for drilling equipment.
- Purchase agreement for Oil Country Tubular Goods (OCTG).
- Memorandum of Understanding with Aramco Digital that establishes a framework for potential collaboration in industrial AI, virtual twin/digital twin technologies, and related technologies, including potential applications in the oil and gas sector.
Amin H. Nasser, Aramco President & CEO, attended the French-Saudi Investment Roundtable Meeting, during which the agreements and MoU signed by Aramco and Aramco Digital were announced.
