Omani, Saudi companies sign $10 bln MoUs ahead of crown prince's visit | Reuters
Omani and Saudi firms signed 13 memoranda of understanding (MoU) potentially valued at more than $10 billion, Omani official media reported on Monday, as Saudi Crown Prince Mohammed bin Salman sets off on a Gulf tour.
Oman's state energy company OQ signed an MoU with petrochemicals firm Saudi Basic Industries Corp (SABIC) on developing Oman's Duqm petrochemical complex project.
OQ also signed an MoU with Saudi Arabia's Aramco Trading Company to explore the storage and trading of petroleum products.
The Omani company, Saudi ACWA Power and Air Products have also sealed an MoU in petrochemicals, renewable energy and green hydrogen sectors.
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