抖阴短视频

RIYADH: Saudi energy giant Aramco has agreed to work with Vietnam Oil and Gas Group, known as Petrovietnam, in storage, supply, and trading across the companies鈥� energy and petrochemical segments.

Formalized during Vietnamese Prime Minister Pham Minh Chinh鈥檚 official visit to 抖阴短视频 and signed at the eighth Future Investment Initiative in Riyadh, the Collaboration Framework Agreement aims to explore initiatives that could optimize operations and drive value, according to a press release. 

Mohammed Al-Qahtani, Aramco鈥檚 downstream president, said: 鈥淲e look forward to exploring multiple opportunities with Petrovietnam that complement Aramco鈥檚 global downstream ambitions.鈥� 

Petrovietnam CEO Le Ngoc Son emphasized the strategic importance of the agreement, calling it 鈥渆vidence of the strong cooperative relationship between Petrovietnam and Aramco.鈥� 

In a related development, Aramco has also partnered with Taulia, a SAP-owned fintech company specializing in working capital management solutions.  

Supported by the Saudi Industrial Development Fund, the partnership will create one of the world鈥檚 largest supply chain financing programs, designed to enhance liquidity for Aramco鈥檚 suppliers.  

This program aims to provide a cost-effective financing alternative, improve cash flow forecasting, and strengthen Aramco鈥檚 supply chain resilience. 

Ziad Al-Murshed, Aramco鈥檚 chief financial officer and executive vice president of finance, highlighted the strategic importance of the new fintech solution, saying: 鈥淎t Aramco, we recognize the crucial role our suppliers play in contributing to our business continuity.鈥�  

He added that the platform will offer suppliers 鈥渁 unique and competitive financing opportunity鈥� and allow banks to participate as finance providers, 鈥渆nhancing the solution鈥檚 scale and viability.鈥�