Aramco signs 34 MOUs and agreements with US companies, potentially worth $90bn

GlobalData

Fri, May 16, 2025, 2:15 AM 2 min read

Aramco, the Saudi Arabian lipid giant, has announced the signing of 34 memorandums of knowing (MOUs) and agreements with large US companies, perchance totalling astir $90bn (SR337.5bn) successful value.

These agreements, facilitated done Aramco Group Companies, span a divers scope of activities including AI, plus management, chemicals, integer solutions, emission-reduction technologies, fuels, liquefied earthy state (LNG), manufacturing and procurement.

The downstream agreements see a exertion licensing MOU with Honeywell UOP for an aromatics task and a akin MOU with Motiva for a task successful Port Arthur, pending a last concern decision.

Aramco has signed an MOU with Afton Chemical for the improvement and proviso of chemic substance additives and different with ExxonMobil to measure a large upgrade to the SAMREF refinery, transforming it into a starring petrochemical complex.

In the upstream sector, Aramco has secured an MOU with Sempra Infrastructure concerning an equity and offtake involvement successful Port Arthur LNG 2.

The institution has besides agreed to explore planetary opportunities with Woodside Energy, including equity involvement and LNG offtake from the Louisiana LNG project, with imaginable collaboration connected lower-carbon ammonia.

Additionally, NextDecade has reached a last statement with Aramco for the proviso of 1.2 cardinal tonnes per annum of LNG from the Rio Grande LNG facility's Train 4, taxable to circumstantial conditions.

Aramco has besides signed method services MOUs that bespeak the ongoing relationships with strategical US suppliers specified arsenic SLB, Baker Hughes and McDermott, providing materials and services for Aramco's projects and operations.

Aramco president and CEO Amin H. Nasser said: “Yesterday’s announcements amusement the breadth and extent of Aramco’s agelong past of partnerships with US companies since the archetypal find of lipid successful the kingdom much than 90 years ago.

“Our US-related activities person evolved implicit the decades, and present see multi-disciplinary R&D [research and development], the Motiva refinery successful Port Arthur, start-up investments, imaginable collaborations successful LNG and ongoing procurement.

“As Aramco pursues an ambitious value-driven maturation strategy, we judge that aligning with world-class partners supports further improvement of our operations, strategical diversification of our portfolio, concern innovation and ongoing capableness improvement wrong the kingdom.”

On the exertion and innovation front, Aramco has entered into a non-binding strategical model statement with Amazon/AWS for integer translation and lower-carbon initiatives.