Aramco Unveils $30 Billion in New U.S. Deals at Washington Investment Forum

Aramco announced 17 new agreements and memoranda of understanding with American companies worth more than $30 billion, expanding its U.S. partnership footprint as part of its long-term growth strategy.

The key development is Aramco’s latest wave of U.S.-focused collaborations—spanning LNG, supply-chain procurement, advanced materials, and financial services—building on 34 MoUs announced in May. Together, the two rounds represent around $120 billion in potential U.S. partnership opportunities, underscoring the Saudi company’s accelerating engagement with American industry.

The announcements coincide with the U.S.–Saudi Investment Forum 2025 in Washington, DC, and reinforce Aramco’s nearly century-long commercial relationship with the United States. The company has been steadily widening its global gas and downstream footprint, while U.S. LNG investments have become a priority for Gulf NOCs seeking supply security and portfolio diversification. The new MoUs also come as U.S. service companies deepen their presence in Saudi Arabia’s upstream and manufacturing ecosystem, while U.S. financial institutions continue to capture mandates linked to Aramco’s investment arm.

Details of the new agreements include:

LNG:

• MidOcean Energy – MoU on potential investment in the Lake Charles LNG project.

• Commonwealth LNG – collaboration on a Louisiana liquefaction project and potential LNG and gas purchases by Aramco Trading.

Procurement & Services:

• Contracts and strategic agreements with top-tier U.S. suppliers, including SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley, and Fluor, strengthen Aramco’s access to U.S. engineering, equipment, and services.

Advanced Materials:

Financial Services:

• Wisayah agreements with Loomis Sayles, Blackstone, and PGIM.

• J.P. Morgan – strategic partnership on cash account management.

Aramco President & CEO Amin H. Nasser noted that U.S. firms have been key partners since the 1930s—from early oil discoveries to the development of digital and R&D capabilities—and said the new multi-billion-dollar deals would “act as a springboard for further progress,” unlocking new innovation and growth opportunities.

By Charles Kennedy for Oilprice.com

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