Saudi Aramco has signed 34 preliminary agreements with major U.S. companies, potentially worth as much as $90 billion, the oil giant said on Wednesday.
The deals highlight deepening U.S.-Saudi commercial ties as the kingdom pushes ahead to diversify its economy and attract foreign investment. The agreements span liquid natural gas, fuels, chemicals, emission-reduction technologies and artificial intelligence, it added.
“The U.S. is really a good place to put our investment,” Aramco CEO Amin Nasser said on Tuesday at the U.S.-Saudi Investment Forum in Riyadh. He was announcing deals with U.S. liquefied natural gas producer NextDecade and utility company Sempra.
The event coincided with U.S. President Donald Trump’s four-day tour of the Gulf, marked by lavish receptions and a series of business deals, including Saudi Arabia’s $600 billion pledge to invest in the United States and $142 billion in arms agreements.
Source : Reuters
The EU’s Carbon Border Adjustment Mechanism seeks to address carbon leakage and ensure fair competition…
Emerging market debt has surged since the pandemic, renewing concerns about rollover risk and fiscal…
Online platforms face a fundamental tension between removing toxic content and preserving the plurality of…
Efforts to reduce information asymmetries across firms are increasingly at the centre of Europe’s digital…
As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how…
China has become a serious contender at the frontier of pharmaceutical innovation. A key policy…