Aramco, one of the world’s leading integrated energy and chemicals companies, has announced 17 new Memoranda of Understanding and agreements with major U.S. companies, carrying a potential total value exceeding 30 billion U.S. dollars. These commitments, made through Aramco Group Companies, build on the 34 MoUs and agreements unveiled in May, which together represented around 90 billion U.S. dollars in potential value. In total, Aramco is now pursuing collaboration opportunities with U.S. partners worth approximately 120 billion U.S. dollars.
The latest MoUs and agreements are expected to support Aramco’s strategic growth ambitions while enhancing long-term shareholder value. They span a wide range of activities, including Liquefied Natural Gas (LNG), financial services, advanced materials manufacturing, and procurement of materials and services.
The announcement coincides with the US–Saudi Investment Forum 2025 in Washington, DC, and reinforces Aramco’s long-standing relationship with American companies—a partnership that stretches back more than nine decades.
Amin H. Nasser, Aramco president and CEO, said:
“Since the 1930s, U.S. 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 our 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 U.S. We expect the multi-billion dollar MoUs and agreements announced today 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.”
The new MoUs and agreements include:
LNG
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MidOcean Energy: MoU relating to potential investment in the Lake Charles Liquefied Natural Gas Project.
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Commonwealth LNG: Agreements relating to a liquefaction project in Louisiana and Aramco Trading’s potential purchase of LNG and gas.
Procurement of Materials & Services
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Contracts and agreements reflecting ongoing relationships with key U.S. strategic suppliers, including SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley, and Fluor. These suppliers provide high-quality materials and professional services supporting Aramco’s projects and operations.
Advanced Materials Manufacturing
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Syensqo: Extension of an MoU to explore localisation of carbon fibre and advanced composites for industrial applications.
Financial Services
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Wisayah asset management and investment agreements with Loomis Sayles, Blackstone, and PGIM, Inc.
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J.P. Morgan: Strategic collaboration for cash account management.
For more information visit www.aramco.com
