June 26, 2019 / 6:01 AM / 3 months ago

Saudi Aramco signs 12 deals with South Korean firms

FILE PHOTO: An Aramco oil tank is seen at the production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia, May 22, 2018. REUTERS/Ahmed Jadallah/File Photo

DUBAI (Reuters) - Saudi Aramco has signed 12 pacts with South Korean partners worth billions of dollars, the company said in a statement on Wednesday, as part of a long-term strategy for downstream growth and diversification.

The agreements, signed with companies including Hyundai Heavy Industries, cover ship building, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage, it said.

Reporting by Rania El Gamal; Editing by Clarence Fernandez

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