Saudi Aramco
Saudi Aramco`s operations span the globe and the energy industry. The world leader in crude oil production, Saudi Aramco also owns and operates an extensive network of refining and distribution facilities, and is responsible for the gas processing and transportation installations that fuel Saudi Arabia`s industrial sector. An array of international subsidiaries and joint ventures, including one of the world`s largest and newest fleet of supertankers, deliver crude oil and refined products to customers worldwide.
Company details
Find locations served, office locations
- Business Type:
- Distributor
- Industry Type:
- Oil, Gas & Refineries - Oil
- Market Focus:
- Globally (various continents)
- Year Founded:
- 1933
- Employees:
- Over 1000
About Us
Who we are
Not only is Saudi Aramco the state-owned oil company of the Kingdom of Saudi Arabia, we are also a fully integrated, global petroleum and chemicals enterprise and a world leader in exploration, production, refining, distribution, shipping and marketing.
We manage the world’s largest proven conventional crude oil and condensate reserves of 259.7 billion barrels.
Our average daily crude production in 2011 was 9.1 million barrels per day (bpd). We also have stewardship over the world’s fourth-largest natural gas reserves of 282.6 trillion standard cubic feet (scf).
Saudi Aramco’s downstream accomplishments include our rank as the 8th largest refiner in the world, with a worldwide refining capacity of 4.02 million barrels per day (including domestic refineries, and domestic and international joint and equity ventures). We are also the world’s top exporter of natural gas liquids (NGL).
Headquartered in Dhahran, Saudi Arabia, Saudi Aramco and its subsidiaries have offices throughout the Kingdom. We also have offices in North America, Europe and Asia. Our subsidiaries and affiliates are located in Saudi Arabia, China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, the United Kingdom and the United States.
Our operations span the Kingdom, including its territorial waters in the Arabian Gulf and the Red Sea, with production and distribution linking all market areas around the world.
At a Glance
The Saudi Arabian Oil Company (Saudi Aramco) is the state-owned oil company of the Kingdom of Saudi Arabia. We rank first among oil companies worldwide in terms of crude oil production and exports, and natural gas liquids (NGL) exports, and are among the leading producers of natural gas. We are also among the world's leading refiners and are moving further downstream into chemicals production.
Saudi Aramco has stewardship over the world’s largest oil reserves — roughly one fifth of the global total — with crude and condensate reserves of 259.7 billion barrels.
We are a fully integrated petroleum company with operations in exploration, production, refining, petrochemicals marketing and international shipping.
Saudi Aramco employs more than 56,066 workers worldwide from 77 countries and has its headquarters in Dhahran in the Kingdom’s Eastern Province.
Our operations span the Kingdom, with production and product distribution facilities linking all market areas.
Major export shipping terminals are located at ports on the Arabian Gulf and Red Sea, while domestic demand for automotive and aviation products is met through strategic refineries.
Internationally, Saudi Aramco subsidiaries or affiliates hold significant interests in refining and marketing companies in the United States, the Republic of Korea, Japan and China.
We have key market support service offices in major cities in North America, Europe and Asia.
Our shipping subsidiary, Vela International Marine Limited, operates a sizeable fleet of supertankers and product vessels.
We are currently working on expanding our capability to discover, produce, process and transport natural gas for domestic energy, powering desalination plants and other industries, and as a vital feedstock for our growing petrochemical industry.
Our importance among world oil producers has steadily risen over our almost 80 years in operation.
Today, we are positioned to build upon our prominence as a stable supplier of hydrocarbon resources. And by producing petrochemical products, building export refineries and advancing the development of technologies that will result in cleaner fuels designed for the new generation of internal combustion engines, we will continue the work of enhancing lives while safeguarding the planet we all share.
Saudi Aramco Key Facts
- A fully integrated global petroleum enterprise with exploration, producing, refining, petrochemicals, marketing, distribution and shipping.
- The world’s largest oil company by production and reserves.
- In 2011, managing more than 113 oil and gas fields in Saudi Arabia.
- World’s largest crude oil reserves: 259.7 billion barrels (year-end 2011).
- Crude oil production: 3.3 billion barrels (2011).
- Average daily crude oil production: 9.1 million barrels per day (2011).
- Crude oil exports: 2.42 billion barrels in 2011.
- World’s top exporter of natural gas liquids (NGL): 332.0 million barrels in 2011.
- Fourth largest gas reserves: 282.6 trillion cubic feet (Source: Oil and Gas Journal rankings).
- Tanker fleet consisting of 20 double-hulled VLCCs (Very Large Crude Carriers) and 5 product tankers.
- Owned by the Saudi Arabian Government.
In December 2012, we again achieved the number one ranking in Petroleum Intelligence Weekly’s (PIW) annual rankings of the world’s 50 largest oil companies. PIW is a leading source of intelligence in our industry.
We’ve held the top spot for 23 consecutive years – a track record that shows we’re consistently delivering on our commitment to fueling the world’s energy needs.
Proud as we are of this position, we never lose sight of our responsibilities to the people of Saudi Arabia and to energy consumers around the globe.
Our Vision
Powering Possibilities
At Saudi Aramco we’re leading the drive to solve some of the issues that matter most to the global energy industry. We consider it our responsibility – to the Kingdom and the world.
Transforming for the Future
By 2020, Saudi Aramco will have evolved from being the leading oil and gas company that it is today, into a fully integrated, truly global energy and chemicals enterprise with extensive operations across the globe.
What we aim to be tomorrow will facilitate a diversified and sustainable expansion of the Kingdom of Saudi Arabia’s economy and enable a globally competitive and vibrant Saudi energy sector.
Our vision for the future is best described through the company’s 2020 Strategic Intent:
- Shaping our business portfolio through establishing an integrated value chain approach in our crude oil mix, further develop the Kingdom’s unconventional gas resources and become a leading global chemicals and refining company.
- Supporting the Kingdom in building a vibrant energy industry by promoting an energy efficient economy, developing alternative energy options, and building a technology portfolio.
- Delivering an agile, flexible, and efficient organization to achieve operational excellence and world-class reliability and safety performance through improved operational efficiency, agile decision-making and budgeting activities, insightful performance measurements, and business process improvement.
- Building capacity, knowledge, and skills to improve our processes and systems of leadership selection and development, performance evaluation, innovation, and research and development. We will take the lead in developing a knowledge-based economy in Saudi Arabia.
In short, we aim to unlock the potential of our people and our enterprise to transform from a company of which the Kingdom is proud into a company of which the world is proud.