Saudi Aramco concludes five MOUs with Russia's largest energy company

  • 2/5/2023
  • 12:33
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Moscow, Muharram 15, 1439 H., October 5, 2017, SPA -- Saudi Aramco's CEO Eng. Ameen bin Hussein Al-Nasser today signed five MOUs with Russia's largest energy company on the sidelines of the Saudi Russian Investment forum, co-organized by the Saudi general investment authority, Saudi chambers of commerce and Direct Investment Fund of Russia. The MOU paves the way for Saudi Aramco to enter a new era of obtaining an added value in the northern hemisphere zone. Aramco signed another MOU with Gazprom, Russia's gas giant, enabling the Saudi conglomerate to develop a rich portfolio interested in gas excavation, and production. A third agreement Aramco signed with Switzerland-based Litasco company, the international promotion and trade arm of Lock Oil, one of Russia's largest oil companies. Aramco also signed a MOU with Russia's Direct Investment Fund and Sebor for strategic marketing for petrochemicals. --SPA 03:02 LOCAL TIME 00:02 GMT www.spa.gov.sa/w505826

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