Categories: Business

Aramco signs $6bn deal to help South Korean companies win contracts in the Kingdom


Tue, 2023-03-07 15:57

RIYADH: Saudi Aramco has agreed a $6 billion framework deal with the Export-Import Bank of Korea that could help South Korean companies win contracts in the Kingdom. 

The three-year deal was signed by Eximbank Chairman Yoon Hee-Sung and Saudi Aramco Chief Financial Officer Ziad Al-Murshed in Seoul. 

The agreement states that Eximbank can lend up to $6 billion to Saudi Aramco which can be used to pay South Korean companies involved in projects with the global energy firm. 

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