Saudi oil company signs agreements to 4.5 billion

Gathering efforts to diversify the finances, the Saudi oil company Saudi Aramco signed agreements valued at 4.5 billion dollars with multinational oil and gas contractors, among them the Spanish Techniques Gathered, the Italian Saipem, the Chinese Petroleum Pipeline and the National Petroleum construction of Abu Dhabi.

According to the company, the investments are part of a business plan that seeks to diversify the economy, promote local business interests, achieve a sustainable environment and strengthen the efforts and the pursuit of negotiations.

Based on the plan adopted by the Prince of the realm, Mohammed bin Salman, in order to end the economic dependence of the country for oil, Saudi Arabia, last year, had announced that it had plans to sell 5% of Aramco, which would be the largest initial public offering in the world.

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