Saudi Aramco has signed agreements and a memorandum of understanding with French companies worth a potential total value exceeding $3.7 billion, the company announced.
The deals, signed by Aramco and its digital subsidiary Aramco Digital at the Saudi-French Investment Roundtable, were attended by Aramco President and CEO Amin Nasser. They cover three areas: a corporate procurement agreement for drilling equipment, a purchase agreement for oil and gas sector pipes, and an MoU with Aramco Digital to establish a potential cooperation framework in industrial artificial intelligence and digital twin technologies, including possible applications in the oil and gas sector.
Aramco said the partnerships are expected to strengthen its supply chain ecosystem, improve business continuity and operational efficiency, and generate economic value for both Saudi Arabia and France. The broader scope of the collaboration includes project support, capability development, technology transfer, and supply chain resilience.
