Saudi Aramco, SAGIA ink MoU to enable energy investments

30/04/2019 Argaam

 

State-run Saudi Aramco has signed a memorandum of understanding (MoU) with Saudi Arabia General Investment Authority (SAGIA) to enable investments, support and market opportunities in the oil, gas, petrochemicals sectors and the related services.

 

The preliminary agreement aims to localize commodities and services through marketing various investment opportunities, Aramco said in a statement on Monday.

 

It also seeks to attract new investments to the oil, gas, petrochemicals industries and the related services.

 

Under the MoU, the major oil producer and SAGIA will organize workshops to introduce potential investments and open a channel to fast-track licensing process.

 

In addition, the two parties will exchange information to support Saudi Aramco's In-Kingdom Total Value Add (iktva) program.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read