Saudi Aramco, one of the world's largest companies
Aramco is one of the largest oil
refining company in Saudi Arabia and the Arab world, providing new ways to
deliver petroleum products and services since 1933. Aramco stands for
Arabian American Oil Company.
The company has grown and evolved to become a world leader in exploration and production, refining, shipping, distribution and marketing of products and services for oil and natural gas, chemicals.
Company's
headquarters is located in Dhahran, Eastern
Province of Saudi
Arabia, and the company has branches in all parts of the
Saudi Kingdom,
North America, Europe and Asia ...
Aramco discovered the largest oil
field in the world, "Ghawar" in
the eastern region of Saudi
Arabia. The company also discovered the
largest oil field in maritime areas in the
world, "Safaniya field" in the Arabian Gulf.
in 2006, Aramco ranked first in
the list of the largest oil companies in the world for sixth year according to
reports of "Petroleum Intelligence Weekly”. Also the company was
ranked first among worldwide oil companies in the following areas:
• Crude oil reserves of about 259.7 billion barrels, means the equivalent of a quarter of the total global reserves of oil.
• Crude oil production estimated at more than 10 million barrels per day at the present time.
• crude oil production capacity estimated at more than 11 million barrels per day and is going to rise to 12 million barrels per day over the next few years.
• Crude oil exports estimated at over 8 millions of barrels per day.
• Natural gas liquids exports reached around 274 million barrels in 2004.
So Aramco added a value to the “black Gold” as
Arabians call it, and this really encourage to invest in commodities (Oil.Gold.and
Silver …) .
