April 10, 2018 / 12:07 PM / a year ago

Saudi Aramco signs deals with France's Total, Technip and Suez

FILE PHOTO: A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016. REUTERS/Hamad I Mohammed/File Photo

PARIS (Reuters) - Saudi Aramco announced on Tuesday deals with major French companies including Total, Technip and Suez, as Saudi Crown Prince Mohammed bin Salman visited France.

Saudi Aramco and Total said they had signed a memorandum of understanding (MoU) to build a large petrochemical complex in Jubail.

A jet engine deal was also signed between French group Safran and Saudi airline Flynas.

Together with General Electric, Safran co-owns the world’s largest jet engine maker by the number of units sold, CFM International.

Flynas said afterwards it had agreed with CFM to buy its LEAP engines to power an incoming fleet of 80 A320neo aircraft on order from Airbus, whose deliveries start later this year.

The agreement, worth $6.3 billion at list prices, also comprises a long-term maintenance and service agreement with CFM, the carrier said in a statement.

Reporting by John Irish, Tim Hepher; Writing by Sudip Kar-Gupta; Editing by Richard Lough and Michel Rose

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