Aramco signs $30B in deals with US companies

Aramco officials sign new MoUs and agreements with US partners during the 2025 investment forum

Saudi Arabian Oil Co. (Saudi Aramco) signed 17 memoranda of understanding (MoUs) and agreements, potentially valued at more than $30 billion (SAR 112.5 billion), through its subsidiaries with major US companies, the company said in a statement.

These MoUs and agreements build on the 34 MoUs and agreements announced in May, with a total potential value of nearly $90 billion, all supporting potential collaboration opportunities with US companies valued at around $120 billion.

These agreements are expected to support Saudi Aramco’s strategic growth objectives while enhancing shareholder value. They cover several areas, including liquefied natural gas (LNG), financial services, advanced materials and composites manufacturing, and procurement of materials and services.

The announcement coincides with the US–Saudi Investment Forum 2025 in Washington, D.C., and builds on a long-standing partnership between Saudi Aramco and US companies spanning more than nine decades.

Below are the new MoUs announced by Saudi Aramco.

Liquefied Natural Gas (LNG)

- MidOcean Energy: A MoU related to a potential investment in the Lake Charles LNG project.

- Commonwealth LNG: Related to the LNG liquefaction project in Louisiana, US, and the potential purchase of LNG and gas by Aramco Trading.

Procurement of Materials and Services

Several contracts and agreements were signed with strategic suppliers in the US, including SLB, Baker Hughes, McDermott, Halliburton, Nesr, KBR, Flowserve, NOV, Worley, and Fluor. These suppliers provide high-quality materials and professional services that help support Aramco’s projects and operations.

Advanced Materials Manufacturing

- Syensqo: Extension of MoU to explore the localization of carbon fiber and advanced composites for industrial applications.

Financial Services

- Wisayah asset management and investment agreements with Loomis Sayles, Blackstone, and PGIM.

- JP Morgan: Strategic collaboration for cash account management.