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Aramco Partners with Valorec
Valorec, a French company, plans to sign a partnership agreement with Saudi Aramco to strengthen collaboration in innovative steel pipe solutions, contributing to expanding its presence in the Saudi market and enhancing its local production capabilities. The relationship between the two companies dates back to 1962 and has seen ongoing advancements through the establishment of facilities and the manufacturing of high-quality products, with a focus on research and development for future projects, especially in developing unconventional resources. This agreement is part of Aramco's efforts to bolster partnerships with French companies and to invest over $3.7 billion through multiple agreements to support its projects in the oil and gas sector.
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