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No country is more synonymous with oil than Saudi Arabia and no company is as synonymous with its home country than Saudi Aramco.
From its headquarters in Dhahran, Saudi Aramco is responsible for the management of 99% of the KSA’s oil assets of 259 billion barrels — about 25% of the world’s total conventional oil reserves.
While Saudi Aramco does have the world’s largest hydrocarbons reserves to draw upon, it still sets the benchmark for how a national oil company (NOC) should be run. The company starting life as a subsidiary of Chevron has helped Aramco to recognise the benefits of operating commercially while still retaining the responsibilities associated with being a state-run entity.
To try give you an idea of just how gargantuan a task this actually is, ArabianOilandGas.com has decided to take an in-depth look at what many believe to be the largest company of any kind in the world.
We have endeavoured to include as many major projects and as much information as is possible, but if you feel that there is anything missing that is essential to give our readers an understanding of how Saudi Aramco works.
We will be keeping this special report updated with all the latest news regarding Aramco, including project reports, project awards and jobs.
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Founded: 1933
Headquarters: Dhahran, KSA
Employees: 54,441 - 47,502 Saudi and 6,639 expatriate.
Revenues: US$2.16 trillion (estimated) in 2007
Crude oil reserves: 259.9 billion barrels as of year-end 2008.
Crude oil production: 3.26 billion barrels in 2008.
Crude oil exports: 2.5 billion barrels in 2008.
Natural gas liquids (NGL) exports: 283.9 million barrels in 2008.
US Chemical Safety Board video on a refinery explosion in the US
P.O. Box PO Box 5000,
,
Dhahran,
Saudi Arabia
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