Aramco signs MoUs for $30 billion with US companies

DHAHRAN, November 19, 2025 – Saudi Aramco has signed 17 new MoUs and agreements with US companies with a potential value of more than USD 30 billion, Aramco said on Wednesday.

The deals were announced during the US-Saudi Investment Forum 2025 in Washington D.C., and build on 34 previous agreements announced in May 2025 with a total potential value of around USD 90 billion. The collaborations span LNG, financial services, advanced materials manufacturing and procurement of materials and services.

“Since the 1930s, US firms have played a major role in supporting the company’s success. We expect the multi-billion dollar MoUs and agreements announced today to act as a springboard for further progress,” said Aramco president and CEO Amin H. Nasser.

In LNG, Aramco signed an agreement with MidOcean Energy for a potential investment in the Lake Charles LNG project, as well as possible gas and LNG purchases by Aramco Trading from Commonwealth LNG in Louisiana.

The company also entered into agreements with materials and professional services providers Baker Hughes, Flowserve, Fluor, Halliburton, KBR, McDermott, NOV, SLB and Worley, and extended an MoU with Syensqo to localise carbon fibre and advanced composites manufacturing.

Aramco’s financial arm, Wisayah, inked investment agreements with Blackstone, Loomis Sayles and PGIM, and a strategic collaboration with J.P. Morgan for cash account management.

Photo courtesy of Saudi Aramco

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