The MoUs and agreements announced today are expected to support Aramco’s strategic growth objectives while enhancing shareholder value, and involve collaborations and partnerships covering a range of activities including LNG, financial services, advanced materials manufacturing, and procurement of materials and services.
The announcement coincides with the US-Saudi Investment Forum 2025 in Washington, DC, and builds on Aramco’s long history of partnership with US companies spanning more than nine decades.
Amin H. Nasser, Aramco President & CEO, said: “Since the 1930s, US firms have played a major role in supporting the company’s success. These relationships have contributed to the first production of oil in Saudi Arabia, the growth of our gas business, an expansion of our integrated downstream operations, the development of advanced digital technologies, AI and R&D, and promoted up-skilling through the training and development of many Aramco employees in the US. 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 that promote innovation and growth.”
The new MoUs and agreements announced by Aramco include:
LNG
- MidOcean Energy: MoU related to potential investment in the Lake Charles LNG project.
- Commonwealth LNG: Related to a liquefaction project located in Louisiana, the US, and Aramco Trading’s potential purchase of LNG and gas.
Procurement of materials & services
- Contracts and agreements reflecting relationships with strategic US suppliers: SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley, and Fluor. These suppliers provide high-standard materials and professional services that help support Aramco’s projects and operations.
Advanced materials manufacturing
- Syensqo: Extension of MoU to explore localisation of carbon fibre and advanced composites for industrial applications.
Financial services
- Wisayah asset management and investment agreements with Loomis Sayles, Blackstone, and PGIM, Inc.
- J.P. Morgan: Strategic collaboration for cash account management.