Saudi Aramco
Energy Company and Company
Aramco, Conoco set Feb refinery unit bids deadlineSaudi Aramco and U.S. firm ConocoPhillips <COP.N> have set a Feb. 28 deadline for bids for a solids unit at their joint 400,000 barrels per day (bpd) Yanbu refinery, industry sources said on Thursday. The refinery is part of top oil... In this article: Saudi Aramco, Conoco, KBR Inc, Senet, ConocoPhillips, ThyssenKrupp, and U.S. |
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Offshore | 4 days ago
Corals relocated to clear path for Saudi pipeline
DHAHRAN, Saudi Arabia -- Saudi Arabia's Environmental Protection Department (EPD) and the Offshore Projects Division of the Saudi Aramco's Northern Area Projects Department (OPD/NAPD) have sponsored a coral relocation project in the Arabian...
In this article: Saudi Arabia and Dhahran
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Oil & Gas Journal | 6 days ago
PERSONNEL MOVES AND PROMOTIONS: Ivanhoe Energy Canada appoints president, CEO
...and program planning. Other council members include Samuel Bodman, former Secretary of Energy, Abdallah Jum'ah, former Saudi Aramco chief executive officer, Luis Giusti, former chairman and chief executive officer of Petroleos de...
In this article: Shell, General Electric Co., CSIS, Western Oil Sands, and Schlumberger
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Reuters | November 20, 2009
China refiners agree 12 pct rise in 2010 Saudi imports
...about 200,000 barrels per day of supplies to Fujian Refining & PetroChemical Co Ltd (FREP), which is 25 percent owned by state-run Saudi Aramco. (Reporting by Chen Aizhu in Beijing and Judy Hua in Singapore; Editing by Jacqueline Wong)...
In this article: China, Beijing, Singapore, Saudi Arabia, and Reuters
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Reuters | November 13, 2009
UPDATE 1-Aramco sees signs of oil recovery led by China
...China to 1 mln bpd * Company to raise output to up to 10 mln bpd (Adds details and quotes) A senior Saudi Aramco official said on Friday that the company saw signs of oil demand recovery led by China, although overall demand was still lower...
In this article: China, Joint venture, Qingdao, Sinopec, and Beijing
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Reuters | November 12, 2009
UPDATE 1-Saudi to double total refining capacity by 2015 -Naimi
Before Beijing, the oil minister toured the 240,000-bpd Fujian refinery in southeastern Fujian province in which state-run Saudi Aramco has a 25 percent stake in partnership with Sinopec Corp <0386. HK> and Exxon Mobil <XOM.N>. Aramco...
In this article: Sinopec Corp, Saudi Arabia, Peking University, and Exxon Mobil
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The Japan Times: All Stories | November 09, 2009
Sumitomo unit, Aramco fete plant
RABIGH, Saudi Arabia (Kyodo) Sumitomo Chemical Co. and Saudi Arabian Oil Co., a state concern known as Saudi Aramco, celebrated on Sunday the completion of a major petrochemical plant built by the companies in Rabigh, western Saudi...
In this article: Sumitomo, Rabigh, Saudi Arabia, Joint venture, Ethylene, and Asia
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Oil & Gas Journal | November 08, 2009
Aramco switches from WTI benchmark
Starting with its January sales program, Saudi Aramco, national oil company of Saudi Arabia, will switch from West Texas Intermediate to an index of Gulf Coast sour crudes as the benchmark for pricing its oil for sale in the US market.
In this article: US, New York Mercantile Exchange, Derivative, Barclays Capital, and Argus Media Ltd.
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Reuters | November 06, 2009
UPDATE 2-Halliburton wins Saudi Aramco South Ghawar pact
...comment, background; updates share prices) Halliburton Co <HAL.N> has won a broad five-year oilfield service contract from Saudi Aramco to develop wells in the world's largest oil field, South Ghawar, the company said on Friday.
In this article: Halliburton, Baker Hughes Inc, Schlumberger Ltd, Dubai, Middle East, and San Francisco
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Oil & Gas Journal | November 02, 2009
Construction on Aramco's Karan gas project well under way
Construction on Aramco?s Karan gas project well under way HOUSTON, Nov. 2 -- Saudi Aramco's Karan gas project swung into full speed last month as all four contract packages began construction, according to a company announcement.
In this article: Dehydration, Propane, and Dhahran
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Oil & Gas Journal | October 29, 2009
Aramco to drop WTI as pricing guide for crude
HOUSTON, Oct. 29 -- Saudi Aramco said it is switching from West Texas Intermediate to an index of Gulf Coast sour crudes as the benchmark for pricing its oil for sale in the US. Starting with its January sales program, Aramco will use...
In this article: US, New York Mercantile Exchange, Derivative, Barclays Capital, and Argus Media Ltd.
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More on Saudi Aramco
Description from Wikipedia:
Saudi Aramco (Arabic: أرامكو السعودية )is the state-owned national oil company of Saudi Arabia. It is the largest oil corporation in the world with the largest proven crude oil reserves and production . Headquartered in Dhahran, Saudi Arabia, Saudi Aramco also operates the world's largest single hydrocarbon network, the Master Gas System. It was known as just Aramco between the years of 1933-1988, an acronym for Arabian American Oil Company.
As of the end of 2006, its yearly production of only crude oil neared 3.4 Goilbbl and it managed over 100 oil and gas fields in Saudi Arabia totaling at least 264 Goilbbl of oil reserves and 253 quadrillion scf of gas reserves.
Among those fields fully owned by the company is the Ghawar Field, the world's largest oil field; the Safaniya Field, the world's largest offshore field; and the Shaybah Field, one of the world's largest of its kind. It is thought to be by far the world's most profitable company.
- Name:
- Saudi Arabian Oil Company
- Type:
- Government-owned corporation of the Kingdom of Saudi Arabia
- Location:
- Dhahran, Saudi Arabia
- Founded:
- 1933
- Industry:
- Crude Oil exploration, production, manufacture, marketing, and shipping
- Key People:
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- Khalid A. Al-Falih:
- Minister of Petroleum & Mineral Resources
- President, CEO
- Ali Al-Naimi:
- Products:
- Petroleum product
- Revenue:
- US$ 199.8 Billion (2006)
- No. of Employees:
- 51,356 (2006)
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