Aramco has announced another major step forward in its long-standing relationship with the United States, revealing 17 new Memoranda of Understanding (MoUs) and agreements valued at more than $30 billion. These commitments—established through the company’s various Aramco Group subsidiaries—underscore the energy giant’s focus on global growth, technological advancement, and supply chain expansion.
This latest announcement follows the 34 MoUs and agreements unveiled in May, which together carried a potential value of around $90 billion. In total, Aramco is now exploring collaboration opportunities with major US companies worth approximately $120 billion, reflecting one of the most significant cross-border engagement efforts in its history.
Released during the US–Saudi Investment Forum 2025 in Washington, D.C., the new agreements further deepen a partnership that stretches back more than 90 years. Over the decades, US companies have played a vital role in Aramco’s development—from early oil production to the expansion of downstream operations, advances in digital technologies, artificial intelligence, and workforce training.
Key Areas of Collaboration
The new MoUs span several strategic sectors central to Aramco’s growth plans:
1. Liquefied Natural Gas (LNG)
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MidOcean Energy: An MoU focused on potential investment in the Lake Charles LNG project.
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Commonwealth LNG: Collaboration on a Louisiana-based liquefaction project, including discussions around potential LNG and natural gas purchases by Aramco Trading.
2. Procurement of Materials & Services
Aramco strengthened relationships with a range of major US suppliers known for delivering high-quality equipment, technology, and professional services. These include:
SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley, and Fluor.
These partnerships support Aramco’s operational needs across various projects and reinforce the resilience of its global supply chain.
3. Advanced Materials Manufacturing
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Syensqo: Extension of an MoU to explore localized manufacturing of carbon fiber and advanced composite materials, aimed at boosting industrial applications and next-generation materials development.
4. Financial Services
Aramco’s financial arm, Wisayah, finalized or advanced investment and asset management agreements with:
Loomis Sayles, Blackstone, and PGIM, Inc.
In addition:
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J.P. Morgan will work with Aramco on strategic enhancements to cash account management.
Strengthening a Nine-Decade Legacy
Amin H. Nasser, Aramco’s President & CEO, highlighted the enduring impact of US–Saudi cooperation:
“Since the 1930s, US firms have played a major role in supporting the company’s success. These relationships supported the first oil production in Saudi Arabia, the expansion of our gas and downstream businesses, and the development of advanced digital technologies and R&D. Today’s multi-billion-dollar agreements will help drive further progress and open new opportunities for innovation and growth.”
Looking Ahead
With more than $120 billion in potential collaborations now on the table, Aramco’s latest wave of agreements demonstrates a strong commitment to global energy security, technological advancement, and long-term economic partnerships. As the company continues to expand its international footprint, its strengthened ties with US companies are expected to accelerate innovation, deepen supply chain integration, and generate significant value for stakeholders on both sides.
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