ASIATODAY.ID, WASHINGTON — Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, has announced 17 new memoranda of understanding (MoUs) and agreements with major U.S. companies, with a potential total value exceeding USD 30 billion.
The announcement was made during the Saudi–U.S. Investment Forum in Washington, D.C., on November 20, 2025, further strengthening Aramco’s nine-decade partnership with American industry leaders.
These new agreements build on the 34 MoUs and deals signed in May 2025 worth approximately USD 90 billion, bringing the total potential collaboration between Aramco and U.S. companies to nearly USD 120 billion.
Driving Strategic Growth and Boosting Shareholder Value
According to Aramco, the new MoUs are designed to support the company’s long-term growth strategy, enhance operational excellence, and unlock new opportunities across key sectors, including:
Liquefied Natural Gas (LNG)
Financial services
Advanced materials manufacturing
Procurement of industrial materials and services
Aramco President and CEO Amin H. Nasser emphasized the historic role of U.S. companies in the company’s success story.
“Since the 1930s, American firms have played a major role in supporting Aramco’s development—from the first oil production in Saudi Arabia to the expansion of our gas business, downstream operations, digital technologies, AI, and R&D,” Nasser said.
“The multibillion-dollar agreements announced today will act as a springboard for further progress, strengthening our long-standing collaboration with U.S. partners and unlocking new avenues for innovation and growth.”
Key Agreements Across Energy, Technology, and Supply Chain Development
The new MoUs and agreements cover a wide range of strategic initiatives:
1. LNG Investments and Fuel Supply Partnerships
A potential investment in the Lake Charles LNG Project with MidOcean Energy
An MoU for collaboration on an LNG project in Louisiana
A potential agreement for Aramco Trading to purchase LNG and natural gas from Commonwealth LNG
2. Strengthening Energy Services and Supply Chain Integration
Aramco also signed multiple agreements with top U.S. industrial and engineering firms, including: SLB, Baker Hughes, McDermott, Halliburton, Nesr, KBR, Flowserve, NOV, Worley, Fluor.
These companies will provide high-quality materials, engineering support, and specialized services essential to Aramco’s ongoing global projects.
3. Advanced Materials and Carbon Fiber Technologies
Aramco extended an MoU with Syensqo to explore localized manufacturing of carbon fiber and advanced composites for industrial applications, supporting the company’s drive toward high-tech materials development.
4. Strategic Investment and Asset Management Partnerships
The company also signed investment and asset-management agreements for Wisayah with major global asset managers: Loomis Sayles, Blackstone, PGIM, Inc., J.P. Morgan.
These agreements establish long-term cooperation for managing cash accounts and strategic assets.
With a combined partnership potential of nearly USD 120 billion, the new deals announced at the Saudi–U.S. Investment Forum mark a significant milestone in Saudi–American economic relations.
The agreements underscore Aramco’s commitment to expanding global partnerships, advancing energy innovation, and reinforcing its role as a central driver of the future energy landscape. (SPA)
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