Saudi Aramco signed a MoU with Royal Dutch Shell to jointly pursue international gas business opportunities, including upstream development, liquefaction projects and other aspects of the gas value chain.
The MoU reflects Saudi Aramco’s strategy to expand its natural gas assets while acknowledging Royal Dutch Shell’s strength in LNG.
Saudi Aramco signed a raft of new MoUs and commercial agreements with British companies at the UK-Saudi CEO Forum.
Saudi Aramco President & CEO Amin H. Nasser said: “Saudi Aramco has a massive investment program over the next 10 years. This includes a number of large world scale projects where British businesses can play a major role."
Following the signing ceremonies, Nasser said, “Today, we are further expanding our relationship with six agreements and MOUs with leading British companies and organizations to support Saudi Aramco’s long business growth strategy. At Saudi Aramco we have real, tangible and meaningful opportunities to collaborate and build partnerships now and in the future. The strengths of British businesses and industry can play a role in Saudi Aramco’ business plan including in our diversification and expansion strategies underscored by the framework of Vision 2030.”