Saudi Aramco secures agreements worth over $3.7bn with French companies to enhance supply chain resilience and digital technology capabilities.
Saudi Aramco has finalized agreements and a memorandum of understanding (MoU) with French companies valued at more than $3.7bn. The deals aim to strengthen Aramco’s supply chain ecosystem and advance industrial AI and digital twin technologies in the oil and gas sector.
The partnerships include a corporate procurement agreement for drilling equipment, a purchase deal for Oil Country Tubular Goods, and an MoU with Aramco Digital. These initiatives are expected to drive economic benefits for both Saudi Arabia and France, though specific French partners remain undisclosed.
Aramco recently reported adjusted net income of $33.4bn for Q2 2026 and $67.2bn for H1 2026, with operating cash flow reaching $25.4bn in the quarter.