Riyadh, October 23 - Neftegaz.RU. At the highly impactful Future Investment Initiative (FII) forum today, Saudi Aramco signed 15 MoUs and strategic and commercial collaborations valued at more than $34 billion with 15 international partner companies and entities from 8 countries in 3 continents.
The MOUs representing 8 countries including major businesses in France, China, the U.S., Japan, the UAE, the United Kingdom, South Korea and India. In the area of job creation, Saudi Aramco has pursued opportunities to pilot value job creation in the Kingdom, increasing opportunities for Saudi citizens over the next 10-15 years with anchor projects, which will generate in the region of 30,000 direct and 50,000 indirect jobs.
The MOUs and commercial collaborations signed are:
1. MOU with Total to launch engineering studies to build petrochemical complex in Jubail, KSA
2. MOU with Total regarding the potential establishment of a retail service station network
3. MOU with Hyundai Heavy Industries regarding potential HHI investments in King Salman International Maritime Complex for Industries and Services at Ras Al Khair
4. MOU with Baker Hughes GE
5. MOU with Schlumberger
6. MOU with Halliburton
7. MOU with Oilfield Supply Center
8. MOU with Flex-Steel to invest in RTP reinforced thermoplastic pipe facility
9. MOU with NPCC (National Petroleum Construction Company, UAE) to invest in a fully integrated fabrication yard and marine base
10. MOU with SeAH Changwon Integrated Specialty Steel Limited to invest in localization of engineering steel
11. MOU with GumPro (India) to invest in drilling chemicals facility
12. MOU with Acwa Power (KSA) and Air Product (USA) regarding the Jazan Refinery gasification power project
13. MOU with Sumitomo (Japan) regarding potential investments to upgrading PetroRabigh Refinery
14. MOU with Norinco (China) regarding potential investments in refining and chemicals projects
15. MOU with NOV (USA) to invest in manufacturing and repair of onshore rigs and equipment
The $10 billion Russian Direct Investment Fund also had a large presence at the event, led by Kirill Dmitriev, who said Saudi Arabia's economic transformation was important for the world and that partnerships between sovereign wealth funds was a «great opportunity».
