Commodities

Aramco Signs Pacts Worth Up to $90 Billion With US Companies

A crude oil storage tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia.

Photographer: Bloomberg

Oil giant Saudi Aramco signed agreements with major US companies potentially totaling about $90 billion.

The company signed 34 memorandums of understanding and pacts through its Aramco Group Co., covering collaborations and partnerships on liquefied natural gas, fuels, chemicals, emission-reduction technologies and artificial intelligence, among other fields, Aramco said in a statement.