Aramco has signed 50 new Memoranda of Understanding

Saudi Aramco has signed 50 new Memoranda of Understanding (MOUs) at the sixth edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition, which is being held at the Dhahran EXPO in Saudi Arabia. “Major signings” include deals with Schlumberger, Cameron/TechnipFMC/Baker Hughes, Larsen & Toubro and Honeywell and Alfanar Company. Aramco did not disclose values. Amin H. Nasser, Aramco President and CEO said in a company statement, “Our investment in a diversified network of suppliers has helped us maintain a track record of reliability, despite the ongoing impact of Covid-19 on global supply chains. The iktva program continues to prove its value by contributing to an increasingly vibrant, dynamic and business-friendly environment in Saudi Arabia,”.