Catenaa, Wednesday, May 14, 2025- Saudi Arabia’s state energy giant Aramco has signed 34 preliminary deals worth $90 billion with major US companies on Wednesday, as part of Aramco’s long-term strategy.
The deals aim to boost Aramco’s long-term growth strategy and expand its presence across a wide range of sectors, from traditional oil and gas to artificial intelligence and manufacturing.
“The US is really a good place to put our investment,” Aramco CEO Amin Nasser said on Tuesday at the US-Saudi Investment Forum in Riyadh.
The event coincided with U.S. President Donald Trump’s four-day tour of the Gulf, marked by lavish receptions and a series of business deals, including Saudi Arabia’s $600 billion pledge to invest in the United States and $142 billion in arms agreements.
The $90 billion worth of agreements represent one of Aramco’s largest single-day announcements with US firms, reflecting the scale of the kingdom’s push to deepen strategic economic ties with Washington across energy, technology, and finance.
Some of the largest collaborations are tied to Aramco’s downstream business, which includes refining and chemicals. US-based Honeywell UOP, Afton Chemical, ExxonMobil, and Motiva, which operates the largest refinery in the US and is wholly owned by Aramco, are among the firms involved.
On the upstream side, Aramco is also expanding into LNG. It signed agreements with Sempra Infrastructure, Woodside Energy, and NextDecade for potential investments and long-term LNG purchases from US export facilities in Texas and Louisiana.
A Memorandum of Understanding with tech heavyweight Nvidia aims to establish advanced industrial AI infrastructure, including an AI Hub, an engineering and robotics centre, and workforce training programmes.
Meanwhile, it inked a non-binding agreement with Amazon Web Services to collaborate on digital transformation and lower-carbon initiatives.
“Our US-related activities have evolved over the decades, and now include multi-disciplinary R&D, the Motiva refinery in Port Arthur, start-up investments, potential collaborations in LNG, and ongoing procurement,” Nasser said in a statement.
