Announcement
23 May 2017
The Saudi state-owned oil firm Saudi Aramco signed several Memorandum of Understanding Agreements with a number of American-based entities. These agreements were signed under the umbrella of Saudi Aramco´s IKTVA program. Consequently, their main scope is to strengthen Saudi Aramco's capability to procure most of its goods and services 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
23 May 2017
Revocation date:
No revocation date
Announced: 23 May 2017
Local content incentive
In force
On 23 May 2017, Saudi Aramco as part of its In Kingdom Total Value Add (IKTVA) program signed several Memorandum of Understanding agreements with numerous American companies. IKTVA is a program esta...
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