Aramco Leads Raft of Saudi-U.K. Deals in Prince's Visit - Bloomberg:
"Saudi Arabia’s national oil company signed a batch of deals with U.K. companies including Royal Dutch Shell Plc as Crown Prince Mohammed bin Salman visits the nation in an effort to demonstrate the kingdom is open for business. Saudi Arabian Oil Co., commonly known as Aramco, is among companies from the kingdom that will undertake joint projects worth at least $2.1 billion stretching from energy to health care and real estate, according to people familiar with the matter. That includes collaboration with Shell on natural gas, a crude oil to chemical project with Amec Foster Wheeler Plc, and a partnership with think tank Chatham House to create a “broader understanding of Saudi Aramco among a global audience.” The transactions are happening against a backdrop of rapid economic changes initiated by the prince, who is next in line to the throne in the Middle Eastern monarchy. His more open approach has generated worldwide curiosity about how the largest oil producer in the Organization of Petroleum Exporting Countries will now approach its energy sector. Saudi Aramco, known for closely guarding information about its business, intends to list on public exchanges this year. "
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