Saudi Aramco signs 17 new deals worth over $30 billion with US companies

Dubai: Aramco has signed 17 new memoranda of understanding (MoUs) and agreements with major US companies, adding more than $30 billion in potential value to its pipeline of international collaborations. The announcement was made in Washington, DC during the US–Saudi Investment Forum 2025.

The latest batch of partnerships builds on 34 MoUs and agreements announced in May, which carried a potential value of about $90 billion. In total, Aramco has now outlined around $120 billion in possible cooperation opportunities with US firms this year.

Focus on LNG, finance, manufacturing

The agreements cover liquefied natural gas (LNG), financial services, advanced materials manufacturing, and the procurement of industrial materials and services. Aramco said the collaborations align with its long-term growth plans and are expected to support the company’s operational and strategic priorities.

Amin H. Nasser, Aramco President and CEO, said the deals build on a partnership with US companies that spans more than nine decades.
“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.”

He added that the new partnerships are intended to strengthen that long-standing foundation.
“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.”

Key agreements

LNG projects

• MidOcean Energy: MoU covering potential investment in the Lake Charles LNG Project.

• Commonwealth LNG: Related to a liquefaction project in Louisiana and the potential purchase of LNG and gas by Aramco Trading.

Procurement and services

Aramco signed contracts and agreements with major US suppliers including SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley and Fluor. These companies support Aramco with materials, engineering, and technical services.

Advanced materials manufacturing

• Syensqo: Extension of an MoU to explore localizing carbon fibre and advanced composite manufacturing for industrial applications.

Financial services

• Wisayah, Aramco’s asset management arm, signed investment agreements with Loomis Sayles, Blackstone, and PGIM, Inc.

• J.P. Morgan: Agreement to enhance strategic cooperation on cash account management.

Aramco said the new MoUs and agreements reflect its aim to deepen ties with the US across energy, technology, and supply chain development while supporting its broader business expansion plans.