Announcement
03 Aug 2017
The Saudi state-owned oil firm Saudi Aramco signed a MoU with the American-based Kellogg Brown & Root Limited. The core scope of this MoU is to strengthen Saudi Aramco's capability to procure most of its inputs locally i.e. from within the borders of the Saudi jurisdiction.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
03 Aug 2017
Revocation date:
No revocation date
Updated: 03 Aug 2017
Local content incentive
In force
On 3 August 2017, Saudi Aramco as part of its In Kingdom Total Value Add (IKTVA) program signed a Memorandum of Understanding with Kellogg Brown and Root Limited (KBR).
IKTVA is a program established...
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