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Bloomberg: Saudi Aramco plans at least 10 energy deals during Trump visit

Published 05/16/2017, 12:40 PM
© Reuters.  Bloomberg: Saudi Aramco plans at least 10 energy deals during Trump visit
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  • Saudi Aramco plans to sign energy agreements with at least 10 companies including General Electric (GE -0.2%), Schlumberger (SLB -0.4%) and Halliburton (HAL -0.2%) when Pres. Trump visits Saudi Arabia at the end of this week, Bloomberg reports.
  • Aramco also will sign deals with Baker Hughes (BHI -0.6%), KBR (KBR +0.7%), Jacobs Engineering (JEC -0.6%), Nabors Industries (NBR -0.2%), Weatherford (WFT -2.6%), McDermott (MDR -0.5%) and Rowan (RDC +0.3%), according to the report.
  • The agreements would help Aramco reach its goal of sourcing 70% of its oil and gas equipment and services from the local Saudi market by 2021.
  • Now read: General Electric: Why Analyst Is Wrong About A Dividend Cut


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