Aramco has entered into new agreements and a memorandum of understanding (MoU) with French companies, with a potential combined value exceeding $3.7bn (SR13.87bn).
The company announced the collaborations during the French-Saudi Investment Roundtable Meeting, attended by Aramco president and CEO Amin Nasser.
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The agreements aim to reinforce Aramco’s supply chain ecosystem and improve operational efficiency.
Alongside supply chain management, the company plans to bolster its industrial AI and digital technology capabilities.
Aramco stated that the partnerships are intended to bring economic benefits to both Saudi Arabia and France.
The areas covered under the agreements include project support, capacity building, technology transfer, innovation and supply chain resilience.
Aramco did not disclose the names of the French companies involved in the agreements or the MoU.
According to Aramco, specific arrangements consist of a corporate procurement agreement for drilling equipment, a purchase agreement for Oil Country Tubular Goods and an MoU with Aramco Digital.
The MoU is designed to facilitate potential joint projects focused on industrial AI and digital twin technologies, with possible applications in the oil and gas sector.
In financial results disclosed earlier this month, Aramco reported adjusted net income of $33.4bn for the second quarter of 2026 (Q2 2026), and $67.2bn for the first half of 2026 (H1 2026).
Cash flow from operating activities amounted to $25.4bn in Q2 2026 and $56.2bn for H1 2026, while free cash flow was $12.3bn and $30.9bn, respectively.
Operational updates included ongoing utilisation of the East-West Pipeline and progress on the Zuluf crude oil increment and Fadhili Gas Plant expansion, which are scheduled for completion in 2026 and 2027, respectively.
The Jafurah Gas Plant’s first phase remained in production, while phase two continued procurement and construction activities, targeting completion in 2027.
In May 2026, Aramco reached an agreement under which it will transfer its equity interests in the Pengerang Refining Company and Pengerang Petrochemical Company, together referred to as PRefChem, to Petronas.
The facilities are located within the Pengerang Integrated Complex in Pengerang, Johor, Malaysia.
Following the completion of customary closing conditions, the transaction will result in PRefChem becoming a wholly owned and operated subsidiary of the Petronas Group.
Last month, Aramco awarded Halliburton multi-year lump sum turnkey contracts for work across several onshore fields in Saudi Arabia.
