Aramco has revealed 17 new Memoranda of Understanding (MoUs) and agreements with major US companies, carrying a potential combined value exceeding $30 billion. The announcement, made on 19 November in Dhahran, follows a similar round in May, when the company confirmed 34 MoUs and agreements worth approximately $90 billion. Together, these arrangements represent around $120 billion in prospective collaboration opportunities with US partners.
According to Aramco, the newly announced agreements are aligned with the company’s strategic growth priorities and are intended to contribute to long-term shareholder value. The partnerships cover a wide range of sectors, including Liquefied Natural Gas (LNG), financial services, advanced materials manufacturing, and the procurement of materials and services from key suppliers.
The announcement coincides with the US-Saudi Investment Forum 2025 in Washington, DC, highlighting the longstanding commercial links between Aramco and US firms. The company highlighted that its relationships with American businesses date back more than nine decades.
Amin H. Nasser, Aramco President & CEO, said: “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.”
The new agreements span several core areas. In LNG, Aramco signed an MoU with MidOcean Energy regarding potential investment in the Lake Charles Liquefied Natural Gas Project. A separate arrangement with Commonwealth LNG relates to a liquefaction project in Louisiana, alongside Aramco Trading’s potential purchase of LNG and gas.
In procurement, Aramco formalised contracts with strategic US suppliers including SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley and Fluor. These companies provide materials and services considered essential to Aramco’s projects and operational activity.
In advanced materials manufacturing, Aramco extended an MoU with Syensqo to explore the localisation of carbon fibre and advanced composites for industrial use.
Within financial services, Wisayah confirmed asset management and investment agreements with Loomis Sayles, Blackstone and PGIM, Inc., while J.P. Morgan entered into a strategic collaboration focused on cash account management.
All media enquiries continue to be managed by Aramco’s Media & Executive Communications Department in Dhahran.
