Saudi Aramco Signs $3.7 Billion in Deals with French Companies

Saudi Aramco has announced over $3.7 billion in potential deals with French companies, expanding its supply chain and digital technology use.

The agreements were made during a French-Saudi investment roundtable attended by Amin Nasser, the CEO of Saudi Aramco.

The package includes a corporate procurement agreement for drilling equipment and a purchase agreement for oil country tubular goods (OCTG), a type of steel pipe used in drilling and well construction.

Aramco Digital also signed an MOU to explore cooperation on industrial artificial intelligence, virtual twin, and digital twin technologies, which could improve operational efficiency and support technology transfer and capability development.