The national oil company Saudi Arabian Oil Group (Saudi Aramco) has signed 17 memorandums of understanding and agreements with major American companies totaling more than $30 billion. This is reported in a Saudi Aramco press release.
The new agreements and contracts complement the 34 memoranda and agreements signed in May 2025 in the amount of $90 billion under the program for the development of cooperation with American companies with a total value of $120 billion.
The projects are in line with Aramco's growth strategy while increasing shareholder value and involve collaboration and partnerships across a wide range of activities, including LNG, financial services, advanced materials manufacturing, and procurement of materials and services.
In the field of LNG, Saudi Aramco has agreed to cooperate with MidOcean Energy on the implementation of the Lake Charles LNG project; with Commonwealth LNG, on the purchase of gas and LNG by Aramco Trading as part of a project in Louisiana. In addition, a number of contracts for the supply of materials and services were signed with SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley and Fluor corporations and a memorandum of understanding with Syensqo to explore the possibilities of localizing the production of carbon fiber and advanced composite materials for industrial applications.
In the field of finance, the company has entered into asset management agreements with Wisayah and investment agreements with Loomis Sayles, Blackstone and PGIM, Inc., as well as reached an agreement with J.P. Morgan on cooperation in the field of money management.
Saudi Aramco is the national oil company of Saudi Arabia with headquarters in Dhahran. The Saudi government owns 94.2% of the company's shares. Saudi Aramco has joint ventures and subsidiaries in China, Japan, the Philippines, the Republic of Korea, Singapore, the United Arab Emirates, the United States and the United Kingdom. Net profit is $26.9 billion.
