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Home > Company Index > Energy > Integrated Oil & Gas > Saudi Arabian Oil Company

Saudi Arabian Oil Company
 PROFILE
State-owned Saudi Arabian Oil Co. (Saudi Aramco) is the king of oil. It is the world's #1 oil producer, supplying 11% of the world's oil demand. The company controls proved oil reserves of about 259 billion barrels (about 25% of the world's total and 12 times US reserves). It extracts about 8 million barrels a day, operates refineries, markets oil internationally, and distributes it domestically. Saudi Aramco owns a fleet of oil tankers and invests in refineries and distribution networks in other countries; it also owns 210 trillion cu. ft. of gas reserves. The company dates back to 1933, when Saudi Arabia agreed to open up a large area of that country for exploration by Standard Oil of California (now Chevron).

 COMPETITION
National Iranian Oil Company (dossier)
Petróleos de Venezuela S.A. (dossier)
Royal Dutch/Shell Group (dossier)

 FINANCIAL OVERVIEW
Employees: 50,000

 KEY PEOPLE
• Abdallah S. Jum'ah
    CEO
• Muhammed Z. Al-Iraani
    CFO

 CONTACT INFO
PO Box 5000
Dhahran 31311, Saudi Arabia
Phone: 966-3-874-7400
Fax: 966-3-873-8490
Online: Web Site

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