From the Field
Saudi Arabia in deals worth $50 bln
RIYADH, October 23, 2018 – Saudi Arabia has signed USD 50 billion worth of deals covering oil, gas, other commodities and infrastructure, international media reported on Tuesday.
The contracts were announced at the Future Investment Initiative conference in Riyadh, Reuters reported.
NOC Saudi Aramco alone signed deals with 15 international players worth more than USD 34 billion. In addition, Saudi-based Modern Mining Holding struck an agreement with Trafigura for a joint venture that would develop a refining complex in Ras Al Khair, the report added.