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Saudi Aramco and HHI agree co-operation deal

The two parties form a joint venture to set up a world class engine manufacturing and aftersales facility in Saudi Arabia. Other deals include an expansion of their existing collaboration to further develop co-operation in shipbuilding, engine manufacturing, refining and petrochemicals as well as an agreement between the two to increase HHI’s equity share in International Maritime Industries from 10% to 20%

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Other deals signed, as part of the Saudi Crown Prince’s visit to South Korea, include oil supply and storage agreements with Hyundai Oilbank and Korea National Oil Corporation respectively

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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