Korea Eximbank pens $6 bln framework agreement with Saudi Aramco

The Signing Ceremony

The Export-Import Bank of Korea (Korea Eximbank) signed today, March 7, a $6 billion framework deal with Saudi Arabian Oil Co. (Saudi Aramco), Yonhap News Agency reported.

 

The three-year agreement is considered a step that will help South Korean companies win contracts in the Kingdom.

 

Under the agreement, Korea Eximbank allocated $1 billion out of $6 billion for the hydrogen and renewable energy deals, the bank said. 

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