(Boursier.com) — Vallourec climbed 3% to 10.65 euros, while the broker Jefferies began monitoring the oil services file with a recommendation to “buy” and a price target of 16 euros. The group has just signed a memorandum of understanding (MoU) with the Ministry of Investments of Saudi Arabia (MISA). This signature took place on June 19, 2023 as part of the Franco-Saudi investment forum held in Paris.
The MoU provides for close support from MISA in the context of the expansion of Vallourec’s activities in Saudi Arabia, which includes increasing its local presence and deploying its latest innovations in the areas of energy transition (Capture, Use and Storage of CO2, storage and transport of hydrogen), additive manufacturing and the circular economy…
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