Aramco announces more than $30 billion in U.S. MoUs and agreements

Aramco has signed 17 new memoranda of understanding (MoUs) and agreements with U.S. companies that carry a potential value of more than $30 billion, expanding the company’s long-running commercial ties with American industry. (Image: Aramco)

Aramco has signed 17 new memoranda of understanding (MoUs) and agreements with U.S. companies that carry a potential value of more than $30 billion, expanding the company’s long-running commercial ties with American industry. The announcement builds on 34 MoUs unveiled in May with an estimated potential value of roughly $90 billion, bringing the total pool of possible collaboration opportunities to around $120 billion.

The new agreements span liquefied natural gas (LNG), materials and services procurement, advanced materials manufacturing and financial services. They were announced during the U.S.–Saudi Investment Forum 2025 in Washington, D.C., and align with Aramco’s strategy to broaden its global supply chain and advance long-term growth objectives.

In LNG, Aramco signed an MoU with MidOcean Energy related to potential investment in the Lake Charles LNG project, as well as an agreement with Commonwealth LNG tied to a liquefaction project in Louisiana and potential LNG and gas purchases by Aramco Trading.

The company also announced a series of contracts and agreements with major U.S. suppliers—including SLB, Baker Hughes, Halliburton, McDermott, KBR, Flowserve, NOV, Worley and Fluor—for materials and professional services that support Aramco’s upstream and downstream operations. In advanced materials, Aramco extended an MoU with Syensqo to explore localization of carbon fiber and composite manufacturing for industrial applications.

On the financial services front, Wisayah, Aramco’s asset management arm, announced investment agreements with several U.S. firms and a strategic collaboration with J.P. Morgan for cash account management.

Aramco President and CEO Amin H. Nasser said U.S. companies have played a significant role in the company’s development since the 1930s, contributing to major milestones in oil production, gas expansion, downstream growth, digital technology, R&D and workforce training. He said the newly announced MoUs are intended to “act as a springboard for further progress” and strengthen Aramco’s long-standing partnerships with American firms.

Caveats and early-stage considerations

While the headline figure exceeds $30 billion, the company did not provide a breakdown of value by individual agreement. As MoUs, the arrangements are preliminary in nature and are not binding contracts. Many remain dependent on further commercial negotiations, regulatory reviews, market conditions and final investment decisions—particularly those tied to LNG projects, which typically require multi-year development timelines.

Similar caveats applied to the $90 billion in MoUs announced in May, underscoring the gap that can exist between potential deal values and executed investment. Nonetheless, the breadth of the agreements signals Aramco’s intent to expand its U.S. footprint across multiple industries and reinforce supply chain relationships that support its global operations.