Saudi Aramco announced on Wednesday that it has signed 17 preliminary agreements with U.S. companies during the Saudi Crown Prince’s visit to Washington. The potential total value of these deals exceeds $30 billion, the company said.
The projects cover several sectors, including liquefied natural gas, financial services, advanced materials manufacturing, and the procurement of materials and services.
Saudi and U.S. officials highlighted the billions in new investments and the strengthening financial ties between the two nations. The announcements coincided with Crown Prince Mohammed bin Salman’s visit to the White House.
Aramco CEO Amin Nasser said the new agreements will serve as a “springboard” for further progress and will deepen the company’s collaboration with American firms.
These deals follow a series of memoranda of understanding signed during U.S. President Donald Trump’s visit to Gulf nations in May, when Aramco agreed to 34 preliminary deals worth up to $90 billion.
Aramco, which aims to expand its footprint in the LNG sector, especially in the United States, said the latest MoUs include a partnership with MidOcean Energy for a potential investment in the Lake Charles LNG project. Another agreement involves Commonwealth LNG and its liquefaction project in Louisiana.
Aramco also announced partnerships with Baker Hughes, Halliburton, Blackstone, and JPMorgan. The company did not disclose the individual values of these specific deals.
