Italy’s Saipem has signed a key agreement with Saudi Aramco aimed at potentially setting up a new entity in Saudi Arabia for engineering and construction activities.
Saipem said on Tuesday it has signed a memorandum of understanding with Aramco that will cater to engineering, procurement and construction activities in the “industrial sector”.
Stay a step ahead with the Upstream News app
Read high quality news and insight on the oil and gas business and its energy transition on-the-go. The News app offers you more control over your Upstream reading experience than any other platform.
