Saudi Aramco and the Oilfields Service Contracting Co. (OSCC) recently signed a Memorandum of Understanding (MOU) aimed at promoting cooperation on the establishment of an Energy Park in Dammam. The MOU underscores Saudi Aramco's commitment to building the local economy by facilitating the formation of oil and gas equipment manufacturing and services facilities in the Kingdom, according to a latest press release of Saudi Aramco. OSCC will plan, build, own and operate the Energy Park, which is considered the first project of its kind in Saudi Arabia to use the Common User Supply Base concept. Under that concept, OSCC will make available full-service logistical capabilities, leaving clients to focus on their core business. --MORE
