This company inks Rs 7698822084000 deals with major US companies, no connection with Mukesh Ambani, Adani, the name is…, it is from…
Aramco signed 34 Memorandum of Understanding (MoUs) and agreements of around $90 billion, with major US companies, through its Aramco Group Companies. The MoUs and agreements are partnerships for services given by Aramco like Liquefied Natural Gas (LNG), fuels, chemicals, emission-reduction technologies, Artificial Intelligence (AI) and other digital solutions, manufacturing, asset management, short-term cash investments, and procurement of materials, equipment.
The MoUs and agreements will build the longstanding relationship between Aramco and US companies and bring innovation in the energy sector and beyond. The MoUs and agreements are as follows:
Honeywell UOP : MoU related to technology licensing for an aromatics project.
Motiva : MoU for an aromatics project in Port Arthur depends on a final investment decision.
Afton Chemical: MoUs related to development and supply of chemical fuel additives in pipelines and retail fuel offerings.
ExxonMobil: MoU to evaluate an upgrade to the SAMREF refinery and expand the facility.
Sempra Infrastructure: MoU related to liquified natural gas (LNG) equity and offtake stake in Port Arthur LNG 2.
Woodside Energy: To explore global opportunities like equity interest and LNG offtake from the Louisiana LNG project.
NextDecade: To purchase 1.2 million tonnes per annum of LNG for a 20-year term from Train 4 of the Rio Grande LNG Facility.
NVIDIA: To develop advanced Industrial AI computing infrastructure, and establish an AI Hub and AI Enterprise platforms.
Qualcomm: To focus on digital transformation use cases and on the basis of Aramco Digital's 450 MHz 5G industrial network connect intelligent devices with on-device AI capabilities like smartphones, robots, drones, cameras, sensors.
Guardian Glass: To localize specialty glass manufacturing for architectural applications in the Kingdom of Saudi Arabia.
Agreements for short-term cash investments through a unified investment fund, the 'Fund of One,' with BlackRock, Goldman Sachs, Morgan Stanley, and PIMCO.
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