Saudi Aramco announced on Thursday that it has signed 17 preliminary agreements with US companies, carrying a potential value of more than $30 billion, during Crown Prince Mohammed bin Salman’s visit to Washington.
In a statement, the company said the proposed collaborations span liquefied natural gas, financial services, advanced materials manufacturing, and the procurement of materials and services.
The announcements came as Saudi and US officials highlighted expanding investment flows and stronger economic ties between the two countries, coinciding with the crown prince’s engagements at the White House.
Aramco CEO Amin Nasser said the newly signed memorandums would help accelerate cooperation with American firms. “We expect the multi-billion-dollar MoUs and agreements announced today to act as a springboard for further progress,” he said.
Aramco noted that the deals include a potential partnership with MidOcean Energy for investment in the Lake Charles LNG project, as well as an agreement with Commonwealth LNG related to a liquefaction project in Louisiana.
The agreements add to Riyadh’s broader strategy of expanding global energy investments and advancing industrial partnerships with US companies.
