Aramco Signs 10 Agreements During Saudi-Korean Investment Forum on Low Carbon and Hydrogen Energy Solutions
January 19, 2022 | 4 min read January 19, 2022 | 4 min read- Agreements aim to accelerate downstream strategy and development of low-carbon energy solutions
- Initial plans include a 60,000 ton-per-year casting and forging facility in Saudi Arabia
The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced the signing of one agreement and nine Memoranda of Understanding (MoUs) with leading Korean entities, which aim to advance its downstream strategy and support development of low-carbon energy solutions, while creating new financing options for the Company.