Saudi Aramco announced the signing of agreements that include the purchase of assets and the financing of the group's acquisition of a joint venture in the Saudi city of Jizan, with a total value of $12 billion.

Aramco said in a joint statement published by CNBC Arabia today, Tuesday, that the agreements included Air Products, ACWA Power, and Air Products Qudra, a subsidiary of Air Products.

The joint venture serves the Aramco refinery in Jizan, which has a refining capacity of 400,000 barrels per day of crude oil to produce petroleum derivatives.

About two weeks ago, CNBC Arabia quoted sources as saying that the consortium of companies that owns the Jazan Gasification and Energy Production Complex in Jazan Economic City, which includes the oil giant Aramco. It is in the process of obtaining approximately $5.6 billion in financing for its financial closure.