The MoU sets out the framework for the pair to work together in areas such as engineering, procurement and construction, downstream, and in the development of a casting and forging facility.
It also covers the development of a maritime yard and the advancement of maritime diesel engine manufacturing in Saudi Arabia.
“Our two companies are global leaders in our respective industries and the MoU cements a strategic relationship between us, with business flourishing on both sides,” Saudi Aramco chief executive Amin H Nasser said.
“The
