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Saudi Aramco signs deals with France's Total, Technip and Suez

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Reuters PARIS

PARIS (Reuters) - Saudi Aramco announced on Tuesday deals with major French companies including Total , Technip and Suez , as Saudi Crown Prince Mohammed bin Salman visited France.

Saudi Aramco and Total said they had signed a memorandum of understanding (MoU) to build a large petrochemical complex in Jubail.

A jet engine deal was also signed between French group Safran and Saudi airline Flynas.

Together with General Electric , Safran co-owns the world's largest jet engine maker by the number of units sold, CFM International.

Flynas said afterwards it had agreed with CFM to buy its LEAP engines to power an incoming fleet of 80 A320neo aircraft on order from Airbus, whose deliveries start later this year.

 

The agreement, worth $6.3 billion at list prices, also comprises a long-term maintenance and service agreement with CFM, the carrier said in a statement.

(Reporting by John Irish, Tim Hepher; Writing by Sudip Kar-Gupta; Editing by Richard Lough and Michel Rose)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 11 2018 | 1:46 AM IST

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