Saudi Aramco

Saudi Aramco produces and exports more crude oil than any other company. Recent production has averaged some 8 million barrels per day (bpd). That is more than twice the output of the next highest producer and nearly five times greater than the largest U.S. oil company. Saudi Aramco maintains a maximum sustained crude production capacity of 10 million bpd, underscoring its determination to meet customers' requirements.

Saudi Aramco ranks among the top 10 companies in gas production worldwide. The company is also a leader in both the production and export of natural gas liquids (NGL), and a major producer of refined products. The company produces natural gas in association with crude oil and nonassociated gas from deep, independent gas fields. This gas is used as fuel and feedstock for the Kingdom's backbone industries and utilities, and for export and domestic consumption as NGL. A vigorous program is currently under way to expand gas production and processing capabilities to meet increasing demand for gas at home to power the Kingdom's robust domestic economic growth.

Address: PO Box 5000
Dhahran, 31311
Saudi Arabia
Contact: 966-3-874-7400

Recent Articles

Aramco Cuts Oil Pricing to Asia With Iran Set to Boost Exports
Thursday, February 04, 2016 Saudi Arabia lowers March pricing for Asian oil customers, showing no sign of letting up on its campaign to keep market share.
Sources: Saudi Aramco to Keep Same Number of Oil, Gas Rigs in 2016
Wednesday, February 03, 2016 State oil giant Saudi Aramco is expected to keep the same number of its oil and gas drilling rigs this year, despite weak oil prices, according to industry sources.
Sources: Saudi Aramco to Keep Same Number of Oil, Gas Rigs
Wednesday, February 03, 2016 Industry sources expect Saudi Aramco keep the same number of its oil and gas drilling rigs this year despite weak oil prices.
Saudi Aramco Continues to Invest Despite Oil Price Crash
Tuesday, February 02, 2016 Saudi Aramco will not cut its upstream investment despite the collapse in oil price, says Ahmed Al-Sa'adi, Saudi Aramco's senior vice president for technical services.
Saudi, Foreign Firms Sign MoU for New Shipbuilding Complex
Tuesday, January 26, 2016 National oil giant Saudi Aramco has signed a memorandum of understanding to establish a shipbuilding and repair complex in the kingdom, part of Saudi Arabia's efforts to diversify its economy beyond oil, the company says.
Lamprell and Partners Consider Building Saudi Maritime Engineering Facility
Tuesday, January 26, 2016 Offshore engineer Lamprell is working with partners, including Saudi Aramco, to potentially build a 'Maritime Complex' in Saudi Arabia.
CEO: Saudi Government to Keep Controlling Stake if it Lists Aramco
Wednesday, January 13, 2016 Saudi Arabia's government will keep a controlling interest in state-owned Saudi Aramco if it decides on a share offering, its CEO says.
Wall Street Journal: Aramco Chairman Says No Concrete Listing Plans Yet
Monday, January 11, 2016 Saudi Arabia's giant national oil company is weighing various ideas regarding a possible listing of its shares.
Too Big to Value: Why Saudi Aramco Is in a League of Its Own
Friday, January 08, 2016 By any measure, Saudi Arabian Oil Co. is in a league of its own.
Saudi Aramco Confirms Studying Options to List in Capital Markets
Friday, January 08, 2016 State oil giant Saudi Aramco confirms it is studying various options to list its stock in capital markets.
Saudi Aramco to Prioritise Some Projects as Keeps Focus on Costs
Wednesday, December 30, 2015 Saudi Aramco will keep its focus on cost controls in the short term, with some projects delayed at the expense of higher-priority initiatives, the state oil group's magazine the Arabian Sun reported.
Saudis Say Shoot Down Yemeni Missile Aimed at Oil Installations
Tuesday, December 22, 2015 Saudi air defence systems shot down a ballistic missile fired from Yemen, state media reports, which the Yemeni army said it had aimed at oil installations in the south of the kingdom.
Petrofac Bags EPC Contract for Saudi Aramco's Fadhili Gas Program
Tuesday, November 17, 2015 Petrofac bags an engineering, procurement and construction contract from Saudi Aramco for Fadhili gas program in Saudi Arabia.
HHI, Saudi Aramco to Collaborate on Business Opportunities in Saudi Arabia
Friday, November 13, 2015 Hyundai Heavy Industries and Saudi Aramco sign a memorandum of understanding to collaborate on business development opportunities in Saudi Arabia.
OGCI Pledges to Further Reduce Greenhouse Gas Emissions
Friday, October 16, 2015 The OGCI pledges to further reduce greenhouse gas emissions in an attempt to limit global average temperature rise to two degrees centigrade.
Saudi Aramco Names Qahtani Acting SVP for Upstream Ops
Monday, October 12, 2015 Saudi Aramco appoints Mohammed al-Qahtani as acting senior vice-president for upstream operations until the end of December, the state-owned firm says.
Saipem Secures Services Contracts worth almost $700M
Friday, October 09, 2015 Saipem secures new offshore engineering and construction contracts worth almost $700 million.
Saudi Aramco Said to Hire Deutsche Bank for CNPC Deal Talks
Tuesday, October 06, 2015 Saudi Aramco hires Deutsche Bank to advise on the potential acquisition of some marketing, retail and refining assets from CNPC, according to people with knowledge of the matter.
Saudi Aramco Says Amin Nasser Appointed as CEO
Thursday, September 17, 2015 Saudi Aramco's Supreme Council names Amin Nasser as chief executive officer of the state oil company of the world's largest exporter, Aramco says.
Sources: Tecnicas and Petrofac Selected to Build $4.7B Saudi Gas Project
Tuesday, September 15, 2015 Spain's Tecnicas Reunidas and the UK's Petrofac win $4.7 billion of contracts to build the Fadhili gas plant in Saudi Arabia.