Aramco announced 17 new Memoranda of Understanding and agreements with major US companies, totaling a potential value exceeding $30 billion. The announcement builds on the 34 agreements disclosed in May, which were estimated to be worth approximately $90 billion. Combined, Aramco’s efforts signal collaboration opportunities with US partners valued at around $120 billion.
The new agreements are designed to advance Aramco’s long-term growth strategy while contributing to shareholder value. They span areas such as Liquefied Natural Gas, financial services, advanced materials manufacturing, and procurement of materials and services.
The announcement was made during the US-Saudi Investment Forum 2025 in Washington, DC, reflecting Aramco’s nine-decade relationship with American companies. Over the years, these collaborations have contributed to the company’s global development across upstream and downstream operations, digital technologies, artificial intelligence, research and development, and workforce training.
Aramco Group Companies outlined several priority areas tied to the new agreements. For LNG, Aramco and MidOcean Energy signed an MoU tied to potential investment in the Lake Charles Liquefied Natural Gas Project. A related arrangement with Commonwealth LNG concerns a liquefaction project in Louisiana and potential LNG and gas purchases by Aramco Trading.
Procurement agreements reflect expanded engagement with US suppliers, including SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley, and Fluor. These companies supply materials and services intended to support Aramco’s operational and project needs.
In advanced materials manufacturing, Aramco extended an MoU with Syensqo to explore the localization of carbon fiber and advanced composites for industrial use.
In the financial services sector, Wisayah entered into asset management and investment agreements with Loomis Sayles, Blackstone, and PGIM, Inc., while J.P. Morgan entered a strategic collaboration focused on cash account management.
KEY QUOTES:
“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 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 US. 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.”
Amin H. Nasser, President & CEO, Aramco