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Home > Company Index > Energy > Oil & Gas Refining & Marketing > Arabian American Development Company

Arabian American Development Company
OTC: ARSD
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 PROFILE
Arabian American Development may dream of making a fortune exploring for precious minerals in Saudi Arabia, but the company generates most of its bread-and-butter income as an independent refiner of specialty petrochemicals in Texas and Mexico. Formerly known as Arabian Shield Development, the company operates two refineries that primarily produce high-octane gasoline blendstocks, heavy aromatic oils, and solvents. Subsidiary Gulf State Pipe Line owns and operates three pipelines. In addition, Arabian American holds a mining lease and license (for copper, gold, silver, and zinc) in Saudi Arabia's Al Masane area and has mining claims in Nevada.

 COMPETITION
CITGO Petroleum Corporation (dossier)
Petróleos Mexicanos (dossier)
Phillips Petroleum Company (P)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 42.60
1-Yr. Sales Growth: 53.3%
Employees: 89
Revenue per employee: $478,651.69

 KEY PEOPLE
• Hatem El-Khalidi
    CEO
• Drew Wilson
    CFO

 CONTACT INFO
10830 N. Central Expwy., Ste. 175
Dallas, TX 75231
US
Phone: 214-692-7872
Fax: 214-692-7874

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