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Aramco Signs $90 Billion in Strategic Partnerships

5/18/2025

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Summary

Story summary

Saudi Arabia's Aramco has made a bold move by signing 36 memoranda of understanding (MOUs) on May 13, with a staggering value of up to $90 billion. These agreements span crucial sectors like liquefied natural gas (LNG), artificial intelligence, and emissions-reduction technologies, forging powerful partnerships with industry giants such as NextDecade, Sempra Infrastructure, Woodside Energy, Amazon Web Services, and NVIDIA.

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Story summary

Saudi Arabia's Aramco has made a bold move by signing 36 memoranda of understanding (MOUs) on May 13, with a staggering value of up to $90 billion. These agreements span crucial sectors like liquefied natural gas (LNG), artificial intelligence, and emissions-reduction technologies, forging powerful partnerships with industry giants such as NextDecade, Sempra Infrastructure, Woodside Energy, Amazon Web Services, and NVIDIA.