U.S., Saudi companies sign $50 billion in energy agreements

U.S. and Saudi Arabia companies have signed more than $50 billion in energy investment agreements, including a deal between Exxon Mobil and Saudi Basic Industries Corp. to build a $20 billion chemical complex along the U.S. Gulf Coast, reports the Washington Examiner. According to the newspaper, Exxon said its "Growing the Gulf" initiative will include 11 major chemical, refining, lubricant and liquefied natural gas projects made possible by an abundance of low-cost U.S. natural gas. For more, read the full story.

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