DUBAI: Saudi Aramco announced on Wednesday that it has signed 17 preliminary agreements with major US companies, carrying a potential value exceeding $30 billion. The development coincides with Saudi Crown Prince Mohammed bin Salman’s high-profile visit to Washington and underscores deepening economic ties between Riyadh and Washington.
According to Aramco, the agreements span multiple sectors, including liquefied natural gas (LNG), financial services, advanced materials manufacturing, and the procurement of materials and services. Saudi and US officials highlighted the deals as a strong indication of strengthening bilateral investment flows.
“We expect the multi-billion-dollar MoUs and agreements announced today to serve as a springboard for further progress and to enhance cooperation with American firms,” Aramco CEO Amin Nasser said.
Among the key arrangements, Aramco signed an MoU with MidOcean Energy for a potential investment in the Lake Charles LNG project, along with an agreement with Commonwealth LNG related to a liquefaction facility in Louisiana.
By Reuters
