Aramco to renegotiate LTAs with contractors

Saudi Aramco is renegotiating its long-term agreements (LTA) for engineering and fabrication capacity with four leading international offshore contractors in a bid to cut costs, and is also allowing at least one new player to participate in the process.

Renegotiating: Saudi Aramco chief executive Amin Nasser
Renegotiating: Saudi Aramco chief executive Amin Nasser
Published 18 March 2016, 08:12Updated 18 October 2016, 04:57
Middle East