Saudi Aramco, South Korean firms sign 12 pacts

Saudi Aramco has signed 12 pacts with South Korean partners worth billions of dollars, the company said in a statement on Wednesday, as part of a long-term strategy for downstream growth and diversification.

The agreements, signed with companies including Hyundai Heavy Industries, cover shipbuilding, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage, it said.