Saudi Aramco has announced the signing of 34 memorandums of understanding (MOUs) and agreements with major US companies, potentially totaling around $90bn (SR337.5bn) in value.
These agreements, facilitated through Aramco Group Companies, span a diverse range of activities including AI, asset management, chemicals, digital solutions, emission-reduction technologies, fuels, liquefied natural gas (LNG), manufacturing and procurement.
The downstream agreements include a technology licensing MOU with Honeywell UOP for an aromatics project and a similar MOU with Motiva for a project in Port Arthur, pending a final investment decision.