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  • Aramco signs 10 agreements during Saudi-Korean Investment Forum

Aramco signs 10 agreements during Saudi-Korean Investment Forum

Image: Shutterstock
Image: Shutterstock
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19 Jan 2022 03:01:01 GMT9
19 Jan 2022 03:01:01 GMT9
  • Agreements aim to accelerate downstream strategy and development of low-carbon energy solutions
  • Initial plans include a 60,000 ton-per-year casting and forging facility in Saudi Arabia

Arab News

RIYADH: The Saudi Arabian Oil Company signed one agreement and nine MoUs with leading Korean entities, which aim to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the company.

The signings took place at the Saudi-Korean Investment Forum in Riyadh, which was also attended by the President of the Republic of Korea Moon Jae-in, Aramco President and CEO Amin Nasser, and senior corporate executives from both countries.

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