- Agreements and MoU have potential combined value of more than $3.7 billion
  - Partnerships are expected to strengthen Aramco’s supply chain ecosystem, enhance operational continuity and efficiency, advance industrial artificial intelligence and digital technologies, and deliver economic value to Saudi Arabia and France
  - Focus areas span project support, capacity building and capability development, technology transfer and innovation, and supply chain resilience

Aramco, one of the world’s leading integrated energy and chemicals companies, today announced agreements and a Memorandum of Understanding (MoU) with a potential combined value of more than $3.7 billion with French companies.

These collaborative efforts are expected to strengthen Aramco’s supply chain ecosystem, enhance operational continuity and efficiency, advance industrial artificial intelligence and digital technologies, and deliver economic value to the Kingdom and France.

Amin H. Nasser, Aramco President & CEO, attended the French-Saudi Investment Roundtable Meeting, during which the agreements and MoU signed by Aramco and Aramco Digital were announced.

The collaborations focus on project support, capacity building and capability development, technology transfer and innovation, and supply chain resilience. They include:

  - Corporate procurement agreement for drilling equipment
  - Purchase agreement for Oil Country Tubular Goods (OCTG)
  - Memorandum of Understanding with Aramco Digital that establishes a framework for potential collaboration in industrial AI, virtual twin/digital twin technologies, and related technologies, including potential applications in the oil and gas sector

About Aramco

As one of the world’s leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world.