Oil giant Saudi Aramco has made over $30 billion in 17 Memoranda of Understanding (MoUs) and agreements with major companies in the US during a visit to Washington by the Saudi Crown Prince Mohammed bin Salman.

These agreements cover a range of activities, including Liquefied Natural Gas (LNG), financial services, advanced materials manufacturing, and procurement of materials and services, the company said on Thursday.

“We expect the multi-billion-dollar MoUs and agreements announced today to act as a springboard for further progress, strengthening Aramco’s longstanding legacy of collaboration with American counterparties and unlocking new value creation opportunities that promote innovation and growth,” said Amin H. Nasser, President and CEO of Aramco.

In LNG-related MoUs, Aramco signed with MidOcean Energy concerning potential investment in the Lake Charles LNG Project. The company also signed another agreement with Commonwealth LNG covering a liquefaction project in Louisiana and Aramco Trading’s potential purchase of LNG and gas.

In the area of procurement, Aramco concluded contracts and agreements with several US suppliers such as SLB, Baker Hughes, McDermott, Halliburton, NESR, KBR, Flowserve, NOV, Worley, and Fluor.

For advanced materials manufacturing, Aramco extended its MoU with Syensqo to explore the localization of carbon fiber and advanced composites for industrial applications.

In financial services, Wisayah entered into asset management and investment agreements with Loomis Sayles, Blackstone, and PGIM, Inc., while J.P. Morgan agreed to a cooperation focused on cash account management.

It is worth noting that the signed agreements build on previous MoUs that were signed during a tour of Gulf countries by US President Donald Trump in May, when Aramco signed 34 preliminary deals potentially worth up to $90 billion.