Saudi to sign $50 billion in oil, gas, infrastructure deals – source

© Reuters. Saudi to sign $50 billion in oil, gas, infrastructure deals – source

RIYADH (Reuters) – Saudi Arabia plans to sign deals worth more than $50 billion (39 billion pounds) in the oil, gas, industries and infrastructure sectors at an investment conference in Riyadh on Tuesday, a source familiar with the matter said.

The deals will be signed with companies including Trafigura, Total (PA:), Hyundai (KS:), Norinco (SZ:), Schlumberger, Halliburton (N:) and Baker Hughes (N:), the source said.

The deals will include the establishment of a , zinc and lead smelter with Trafigura Group; a joint agreement to build an integrated petrochemical complex and downstream park in the second phase of the SATORP refinery, jointly held by Saudi Arabia’s Aramco and Total; and investments in retail gas stations also by Aramco and Total.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More   Startup investors plan for tax demand shield


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.