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FINANCIAL NEWS
Aramco signs 2 new engineering deals
19 Feb 2011
(MENAFN) Saudi Aramco reported closing two new long-term new general engineering services plus (GES+) deals with consortiums of Saudi and foreign firms, reported Arabian Business.
Aramco stated that under the new deals, Saudi firms would partner with international ones and conduct engineering, project management and technology services in the Kingdom.
Aramco also said that the deal was set to last for five year, with the possibility of a renewal. Aramco also said that other companies would be considered for further GSE agreements.
It is worth noting that international firms hoped for more partnerships with Saudi firms which would enable them to conduct more business in the world�s top oil exporter.
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