Saudi Arabia signs deals worth $50 billion in oil, gas and infrastructure
6 years, 2 months ago

Saudi Arabia signs deals worth $50 billion in oil, gas and infrastructure

Live Mint  

Riyadh: Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Companies involved in the deals included commodities trader Trafigura, Total, Hyundai, Norinco, Schlumberger, Halliburton and Baker Hughes, state television said. Saudi Aramco said it had signed agreements with 15 international partners worth more than $34 billion.NextMAds The deals include an agreement to build an integrated petrochemical complex and downstream park in the second phase of the SATORP refinery, jointly held by Saudi Arabia's Aramco and Total; and investments in retail petrol stations also by Aramco and Total. Saudi Arabia's transport minister signed an agreement for the second phase of the Haramain high-speed railway with a Spanish consortium, state television channel al-Ekhbariya said on its Twitter account.

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