Saudi Aramco signed agreements with French companies valued at over $3.7 billion

Saudi Aramco has signed agreements worth more than $3.7 billion with several French companies. Saudi Arabia's state oil company announced this on Monday.

The agreements include the purchase of drilling equipment and pipes needed for oil extraction. The parties also concluded a memorandum of understanding that concerns the possible use of industrial artificial intelligence and related technologies.

Saudi Aramco did not specify which French companies signed the agreements. The company is the world's largest oil exporter.

Source: Investing.com