Saudi Aramco announced 17 new memoranda of understanding (MoUs) and agreements with major U.S. companies worth more than $30 billion, spanning liquefied natural gas (LNG), financial services, advanced materials manufacturing and procurement unveiled at the 2025 U.S.–Saudi Investment Forum in Washington, D.C.
Aramco executives with U.S. counterparts at the U.S.–Saudi Investment Forum, Washington, D.C.
Key highlights
The 17 newly announced MoUs and agreements add more than $30 billion of potential value to Aramco’s international pipeline. These deals complement an earlier round of 34 MoUs announced in May previously reported to carry around $90 billion of potential value bringing this year’s total potential cooperation with U.S. firms to roughly $120 billion.
Sector-wise breakdown of the agreements
LNG projects
Several of the agreements focus on natural gas and LNG value chains, including:
- MidOcean Energy: MoU covering potential investment in the Lake Charles LNG Project.
- Commonwealth LNG: Agreement linked to a liquefaction project in Louisiana and the potential purchase of LNG and gas by Aramco Trading.
Procurement, engineering and technical services
Aramco signed procurement and services contracts with leading American energy suppliers and service companies to support its operations and projects. Named partners include:
- SLB
- Baker Hughes
- McDermott
- Halliburton
- NESR
- KBR
- Flowserve
- NOV
- Worley
- Fluor
These contracts cover materials supply, engineering, construction and aftermarket services that underpin Aramco’s upstream, midstream and downstream activities.
Advanced materials manufacturing
Aramco extended its collaboration with companies such as Syensqo to explore the localization of carbon-fibre and advanced composite manufacturing for industrial applications a move aimed at strengthening local supply chains and enabling technology transfer.
Financial services and asset management
Wisayah, Aramco’s asset management arm, signed investment agreements with several major U.S. investment managers, including Loomis Sayles, Blackstone, and PGIM, Inc. Separately, Aramco reached an agreement with J.P. Morgan to enhance strategic cooperation on cash account management and related financial services.
Leadership perspective
Amin H. Nasser, Aramco President & CEO: “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, strengthening Aramco’s longstanding legacy of collaboration with American counterparties and unlocking new value creation opportunities.”
Why these deals matter
The agreements are significant not only for their monetary scale but because they advance strategic priorities: securing long-term LNG supply and capacity, strengthening procurement and engineering partnerships, developing advanced material manufacturing capabilities, and expanding Aramco’s financial and investment reach. Together, they support Aramco’s broader growth ambitions and Saudi Arabia’s economic diversification agenda under Vision 2030.
How this builds on earlier announcements
This latest $30 billion round complements the earlier set of MoUs announced in May, which collectively were reported to be worth about $90 billion. Taken together, the two rounds signal sustained momentum in U.S.–Saudi commercial cooperation across energy and technology sectors this year.
Risks and considerations
While MoUs and agreements signal intent and potential, they are often conditional subject to regulatory approvals, project financing, final investment decisions and macroeconomic or geopolitical factors. Execution timelines and the conversion of MoUs into binding contracts will determine the real economic impact.
Outlook
Aramco’s new agreements are likely to catalyse follow-on investments and operational ties with U.S. firms. If progressed to binding contracts and executed at scale, they could increase technology transfer, create supply-chain jobs and deepen strategic ties between U.S. industry and Saudi Arabia’s energy and manufacturing ecosystems.
Conclusion
Aramco’s 17 new MoUs and agreements collectively valued at more than $30 billion in potential value reinforce a multi-decade relationship with U.S. industry across energy, finance and advanced manufacturing. The deals expand an already busy year of U.S.–Saudi commercial engagement and underline the company’s drive to diversify partnerships and develop strategic supply chains that support its operational and strategic objectives.
