Aramco has unveiled 17 new memorandum of understanding and agreements worth more than $30 billion with leading US companies
Aramco, one of the world’s leading integrated energy and chemicals companies, has announced 17 new memoranda of understanding (MoUs) and agreements with major US firms, with a potential total value exceeding $30 billion. The agreements were made through Aramco Group Companies and unveiled during the Saudi–US Investment Forum in Washington, D.C.
The new commitments build on 34 MoUs and agreements announced in May, valued at approximately $90 billion, bringing the total potential value of Aramco’s recent collaboration opportunities with US companies to around $120 billion.
The latest agreements are expected to support Aramco’s strategic growth objectives, enhance shareholder value, and enable cooperation across a diverse range of sectors including liquefied natural gas (LNG), financial services, advanced materials manufacturing, and the procurement of materials and professional services.
Amin H. Nasser, Aramco President and CEO, highlighted the enduring partnership between Aramco and the United States: “Since the 1930s, US firms have played a major role in supporting the company’s success. These relationships have contributed to the first production of oil in Saudi Arabia, the growth of natural gas business, an expansion of our integrated downstream operations, the development of advanced digital technologies, AI and R&D, and promoted upskilling through the training and development of many Aramco employees in the US.”
He added: “We expect the multibillion-dollar MoUs and agreements announced yesterday to act as a springboard for further progress, strengthening Aramco’s longstanding legacy of collaboration with American counterparties and unlocking new value creation opportunities that promote innovation and growth.”
Among the newly announced agreements are:
- An MoU on a potential investment in the Lake Charles LNG project with MidOcean Energy.
- An MoU on an LNG project in Louisiana.
- A potential arrangement for Aramco Trading to purchase LNG and natural gas from Commonwealth LNG.
Aramco also signed multiple contracts and agreements reflecting ongoing partnerships with major US service providers and suppliers, including SLB, Baker Hughes, McDermott, Halliburton, Nesr, KBR, Flowserve, NOV, Worley, and Fluor. These companies deliver high-quality materials and specialist services critical to Aramco’s global operations.
In addition, Aramco extended an MoU with Syensqo to explore the localisation of carbon fibre and advanced composite manufacturing for industrial applications.
The agreements also include a strategic investment and asset-management partnership for Wisayah, with Loomis Sayles, Blackstone, PGIM, Inc., and J.P. Morgan, aimed at strengthening cooperation in managing cash accounts and financial assets.
Together, these agreements reaffirm Aramco’s commitment to deepening its industrial, technological, and financial relationships with the United States, marking a major milestone in more than 90 years of Saudi–US energy collaboration.
