Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
13-10-22
Saudi Aramco’s launches joint venture with NOV to produce drilling rigs
(MENAFN) Oil giant Saudi Aramco has started Arabian Rig Manufacturing, a mutual project company with American entity NOV, to produce drilling rigs as well as associated tools or the initial time in Saudi Arabia.
Sited at Ras Al-Khair, the fresh company is anticipated to cut reliance on shipping outputs into the nations in one of the biggest oil-producing countries, as reported by Argaam.
Reciting a press meeting, it mentioned that this fresh mutual project is a part of Saudi Aramco’s current attempts to localize rig production, along with the nation’s Vision 2030 as well as the In-Kingdom Total Value Add program (iktva).
It should be pointed out that the IKTVA plan is established by Saudi Aramco to baseline, indicate as well as back surged rates of localization in the nation.
Amin Nasser, leader and chief executive of Saudi Aramco, stated that “Drilling rigs are one of the most important symbols of the oil and gas industry and one of the main equipment used in global energy supplies, and now Saudi Arabia has become a site for designing and manufacturing highly efficient and technical onshore drilling rigs.”
MENAFN13102022000045014228ID1105013571
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us