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Turkish companies set for closer cooperation with Aramco

Saudi Aramco chief says diversification drive offers opportunities

The Saudi oil company extended its relationship with Turkish industry with the signing of a memorandum of understanding (MoU) with 18 companies in Istanbul on Tuesday. The agreements forge closer ties between the two countries, as Saudi Arabia seeks to bring foreign expertise into its drive to diversify its economy. The signing ceremony was attended by Saudi Aramco president Amin Nasser, and Turkey's energy minister Berat Albayrak, along with other leaders. The MoU is intended to build on Saudi-Turkish cooperation, which has been growing over recent years, as demonstrated by increased bilateral trade and investment between the two economies. Aramco said the agreements had the potential to

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