Saudi Arabia’s national oil company says it signed agreements with U.S. companies with a potential value of $90 billion, covering everything from liquefied natural gas purchases to artificial intelligence, The Wall Street Journal reports.
Saudi Arabian Oil Co., known as Aramco, said Wednesday that it signed 34 memoranda of understanding and agreements with major companies such as ExxonMobil, Nvidia and Amazon.com.
It was previously reported that Woodside Energy and Aramco had signed a non-binding collaboration agreement that included Aramco’s potential acquisition of an equity interest in Louisiana LNG and supply of liquefied natural gas from the $17.5 billion project.
The deals come after a U.S.-Saudi investment forum held in Riyadh on Tuesday during President Trump’s four-day visit to the Middle East.
Along with Woodside, the Saudi company reached a final agreement to buy 1.2 million tons a year of LNG for a 20-year term from NextDecade’s Rio Grande LNG export project in Texas and signed a deal with Exxon to evaluate an upgrade of their Samref refinery in Saudi Arabia.
Aramco also entered into a preliminary agreement with Nvidia to develop advanced industrial AI computing infrastructure and into digital-transformation deals with Amazon and Qualcomm.
Oil-field service groups SLB, Halliburton and Baker Hughes also signed deals with Aramco, the Saudi company said.
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