Saudi Arabian Oil Company (Aramco)

Aramco signed nine MoUs with Korean companies KEPCO, S-Oil, POSCO, Hyundai Oilbank, H2Korea and LOTTE Fine Chemical to explore hydrogen and ammonia supply, transport, utilization and back-cracking, as a first step toward a possible large-scale facility in Saudi Arabia.

Aramco signed an agreement with Doosan Heavy Industries & Construction and Dussur to establish a casting and forging joint venture in Saudi Arabia with a production target of 60,000 tons per year, supplying industrial and process equipment.