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
As the postwar international order fragments and universal agreement becomes increasingly elusive, policymakers face a…
Occupational licensing has attracted growing attention in advanced economies, yet little has been known about…
The dollar's role as the world's reserve currency has been blamed for an overvalued exchange…
Oil price shocks do not simply make conflict more likely everywhere; they change where violence…
There is growing evidence that place-based industrial policies lead to positive economic effects. This column…
Christian Mumssen, the fund's new director of strategy, cited a rapid succession of major shocks…