DUBAI/WASHINGTON: Saudi Aramco announced on Wednesday that it had signed 17 preliminary agreements with US companies, with a potential total value exceeding $30 billion, during the visit of Saudi Crown Prince Mohammed bin Salman to Washington. The deals cover a range of sectors including liquefied natural gas (LNG), financial services, advanced materials manufacturing, and procurement.
Read More: Aramco posts over 97 billion riyals profit in first quarter of 2025
Aramco CEO Amin Nasser said the agreements are expected to serve as a “springboard for further progress” and strengthen the company’s collaboration with American firms. He described the deals as a major step in deepening economic ties between the two nations.
Among the agreements, Aramco signed a memorandum of understanding with MidOcean Energy for a potential investment in the Lake Charles LNG project. The company also reached a deal with Commonwealth LNG focused on a liquefaction project in Louisiana.
The announcements coincided with the Saudi Crown Prince’s visit to the White House, highlighting growing financial and investment ties between Saudi Arabia and the United States. Officials from both countries emphasized the strategic importance of the partnerships in energy, technology, and industrial sectors.
Read More: Saudi oil giant Aramco to acquire 40% equity stake in Pakistani firm
Analysts noted that these deals reflect Aramco’s continued global expansion strategy and the increasing role of US-Saudi cooperation in shaping energy markets and infrastructure development.