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MILAN (Reuters) – Italian energy services group Saipem SPMI.MI said on Wednesday it had signed a framework agreement with Saudi Aramco covering onshore engineering and construction activities.
It said the agreement, which will last 12 years, is part of Saudi Aramco’s broader long-term plan to update its facilities in Saudi Arabia’s Eastern Province.
The agreement entails efficiency activities on existing facilities, Saipem said.
Reporting by Stephen Jewkes, editing by Giulia Segreti
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