Address
P.O. Box 5000
Dhahran 31311
Saudi Arabia
http://www.saudiaramco.com
Telephone
966-3 872-0115
Fax
966-3 873-8190
Description
The Saudi Arabian Oil Company, or Saudi Aramco, is the world's largest oil producing company. Set up by Royal Decree in 1988, it assumed the duties of its predecessor, the Arabian American Oil Company (Aramco). Saudi Aramco has its headquarters in Dhahran, on Saudi Arabia's east coast. The company controls almost all of the Kingdom's vast hydrocarbon enterprises.
Saudi Arabia exports more crude oil and natural gas liquids (NGL) than any other country, almost all of it through Saudi Aramco facilities on the Arabian Gulf and Red Sea coasts.
Saudi Arabia, the most important member of the Organization of Petroleum Exporting Countries, has the largest proven oil reserves in the world of around 264 billion barrels, more than a quarter of the world's total. Its estimated natural gas reserves of 224.7 trillion cubic feet, are the fourth largest in the world.
Saudi Aramco has grown from essentially an exploration and production company prior to the 1990s to what it is today: an integrated global petroleum enterprise. The company not only markets and exports crude oil, petroleum products, natural gas liquids and sulfur - it also ships crude oil worldwide through an affiliated company and participates in joint ventures at home and abroad to refine crude oil and market its products.
Operations
Saudi Aramco explores for and produces crude oil and natural gas. The company has the capacity to produce up to 10 million barrels of crude oil per day on a sustained basis. It manufactures a wide range of petroleum products from oil and gas. It markets crude oil, gas and petroleum products domestically and internationally.
Saudi Aramco owns five refineries, at Ras Tanura, Riyadh, Jiddah, Rabigh and Yanbu. The company also has refining and marketing partnerships in Saudi Arabia (with Mobil in Yanbu and with Shell in Jubail), the United States (Star Enterprise, with Texaco), the Republic of Korea (with SsangYong Oil Refining Company) and the Philippines (with Petron Corporation). Saudi Aramco's shipping affiliate, Vela International Marine Limited, owns one of the world's largest and newest fleets of very large and ultra large crude oil tankers. Saudi Aramco also owns and operates Saudi Arabia's nationwide petroleum product-distribution network.
Saudi Aramco's operations are supported by affiliates and offices in countries around the world, including the United States, Great Britain, the Netherlands, Singapore and Japan.