The King Salman Energy Park will target exploration, production, refining, petrochemicals, conventional power and water production and treatment.
Amin H. Nasser told delegates that the company’s objective is to bring its downstream business to the same level as its upstream.
Agreement explores potential collaboration as the energy producers seek to boost revenues from natural gas and LNG business segments.
Riyadh investment forum sees strategic and commercial collaborations formed, valued at more than US$34 billion.
Collaboration will deliver a series of industry courses for entry-level and transitioning engineers.