December 13, 2017 / 8:54 AM / 2 months ago

Saudi Aramco signs $10.4 billion worth of MOUs with companies

DAMMAM, Saudi Arabia (Reuters) - Saudi Aramco [IPO-ARMO.SE] signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals (8 billion pounds).

The bulk of the memorandum of understanding agreements were part of a drive to promote local manufacturing, the company said. One agreement was also signed with drilling and oil service company Schlumberger (SLBG34.SA) worth 6 billion riyals.

Reporting By Rania El Gamal and Reem Shamseddine

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