Saudi energy giant Aramco signs deals worth $27.5 billion

Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and international suppliers, AFP reported Monday (November 26th).

"We signed $27.5 billion in a total of 31 commercial collaborations," CEO Amin Nasser said in a statement at an investment forum held in the eastern Saudi city of Dhahran.

The company did not provide details on the nature of the deals.

More than 1,000 local and international energy service and equipment suppliers and manufacturers attended Monday's forum.

OPEC kingpin Saudi Arabia pumps over 10 million barrels per day of crude oil in addition to around 12 billion cubic feet of natural gas.

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