- Title: Saudi-U.S.oil deals mark a "historical day" for leadership - Saudi minister
- Date: 20th May 2017
- Summary: RIYADH, SAUDI ARABIA (MAY 20, 2017) (REUTERS) VARIOUS OF SAUDI ENERGY MINISTER, KHALID AL FALIH, SPEAKING AT PANEL DURING SAUDI-U.S. CEO FORUM VARIOUS OF AUDIENCE LISTENING LOGO OF THE FORUM (SOUNDBITE) (Arabic) SAUDI MINISTER OF ENERGY, KHALID AL FALIH, SAYING: "The agreements that will be signed today will help export new industries and new technologies to the world. These are the investments that Aramco is involved in with leading companies in every sector." FORUM IN PROGRESS AUDIENCE LISTENING (SOUNDBITE) (Arabic) SAUDI MINISTER OF ENERGY, KHALID AL FALIH, SAYING: "This is definitely a historical day where both the leadership of Saudi Arabia and the Unites States meet. In addition to that, the economic initiatives launched in this forum are very important at the level of the two countries, their economic sectors and the world in general." / AL FALIH LEAVING LOGO OF THE FORUM
- Embargoed: 3rd June 2017 09:21
- Keywords: economic conference CEO Forum in Saudi Arabia Saudi-U.S. oil agreement Khalid al-Falih Saudi Energy Minister
- Location: RIYADH, SAUDI ARABIA
- City: RIYADH, SAUDI ARABIA
- Country: Saudi Arabia
- Topics: Economic Events
- Reuters ID: LVA0016HN61JB
- Aspect Ratio: 16:9
- Story Text: The expected signing of multi-billion-dollar deals between Saudi oil giant Aramco and U.S. companies marked a "historical" day for the leadership of the two countries, Saudi Energy Minister Khalid al-Falih told a conference in Riyadh on Saturday (May 20).
Sixteen agreements with 11 companies worth $50 billion would be signed, including memorandums of understanding for joint ventures, said Aramco's chief executive Amin Nasser. Officials said earlier that many of the agreements would flesh out previously announced plans.
Top Saudi economic policy makers, including the finance minister and head of the kingdom's main sovereign wealth fund, described ways in which they planned to attract U.S. capital and technology. Officials said they aimed to prepare new rules covering direct investment by foreign firms within 12 months.
Falih was speaking at the Saudi-U.S. CEO Forum, a conference of scores of senior U.S. and Saudi business executives which coincided with the visit of U.S. President Donald Trump to the Saudi capital.
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