Aramco has signed 50 new Memoranda of Understanding
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,”.