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

Saudi Aramco Plans Up to $30B Investment in Motiva by 2023
Wednesday, May 24, 2017 Motiva's Port Arthur facility is already the largest refinery in the United States.
Op-Ed: With Saudi Aramco IPO Looming, Of Course OPEC Will Extend Oil Quotas
Thursday, May 18, 2017 Markets yawn as Russia, Saudi Arabia envoys tease extending crude oil production quotas into 2018.
Saudi Aramco Says to Set Up New Chemicals Unit
Wednesday, May 17, 2017 Downstream, covering refining and chemicals, is an important area for the company as it diversifies operations as it prepares for an initial public offering.
Saudi Aramco Tightens Grip in Top Oil Market With China Refinery
Wednesday, May 17, 2017 Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world's biggest oil seller and its largest importer.
Saudi Aramco Said to Make Leadership Changes Ahead of IPO
Tuesday, May 16, 2017 Aramco has announced plans to invest in the refining industry in the U.S. after the breakup of its 19-year Motiva refining partnership with Shell.
China's Norinco and Saudi Aramco Line Up $10B Refinery Plan
Tuesday, May 16, 2017 The investment would boost Aramco's presence in China's massive refining industry.
Saudi Aramco to Cut June Oil Supply to Asia by About 7 Million Barrels
Tuesday, May 09, 2017 Saudi Aramco will reduce oil supplies to Asia by about 7 million barrels in June, a source said.
Petronas and Saudi Aramco Explore Petrochemicals Expansion in Malaysia
Monday, May 08, 2017 Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia.
India's Top Refiner in Early Talks with Aramco for Downstream Project
Monday, May 08, 2017 India, the world's third biggest oil consumer, plans to build a 1.2 million bpd refinery to petrochemical project in the country's west coast to feed its growing fuel demand.
Saudis to Control Crude Reserves, Output After Aramco IPO
Wednesday, May 03, 2017 Saudi Arabia's giant oil and gas reserves and any decisions about producing from them will remain solely in government hands after Saudi Aramco's initial public offering.
Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share
Monday, May 01, 2017 Saudi Arabia cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market.
Saudi Aramco CEO Says Peak Oil Demand Is a Misleading Theory
Thursday, April 27, 2017 The boss of Saudi Arabia's state oil company defended petroleum as the mainstay of the global economy.
Aramco CEO Sees Oil Market Closer to Balance Despite US Boom
Friday, April 14, 2017 The global oil market is moving closer to balance even as increases in US oil production push prices down in the short-term, Saudi Arabian Oil Co. CEO Amin Nasser says.
Saudi Aramco Cuts Oil Pricing for Europe Where Russia Dominates
Wednesday, April 05, 2017 Saudi Arabia lowered oil pricing for European customers, a sign the world's biggest crude exporter is seeking to expand market share in the region dominated by Russia.
Aramco Said to Hire JP Morgan, Morgan Stanley, HSBC for IPO Roles
Thursday, March 30, 2017 Saudi Arabian Oil appoints JPMorgan, Morgan Stanley and HSBC Holdings for key roles on its IPO, as it moves ahead with its plans for what could be the world’s biggest share sale.
Saudi Arabia's Tax Cuts Boost Aramco Value By $1 Trillion
Tuesday, March 28, 2017 Saudi Aramco CEO Amin Nasser says slashing the tax rate for the petroleum industry from 85 to 50% brings the company in line with international benchmarks.
Saudi Aramco Tax Slashed to Prepare Oil Producer for Giant IPO
Monday, March 27, 2017 Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world's biggest initial public offering.
China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO
Thursday, March 16, 2017 China's in talks with Saudi Arabia for its sovereign wealth fund and largest energy company to invest in the initial public offering of the Middle East nation's state oil producer, according to sources.
Japan PM Abe Seeks Saudi Support For Aramco Listing In Tokyo
Monday, March 13, 2017 Japan's Prime Minister Shinzo Abe asks Saudi Arabia's King Salman to support a listing of oil giant Aramco's shares in Tokyo.
Shell Expects To Split Motiva Assets With Saudi Aramco In 2Q
Tuesday, March 07, 2017 Shell Oil Co, the US unit of Royal Dutch Shell, expects to divide the refineries and other assets of its Motiva Enterprises venture with co-owner Saudi Aramco in 2Q.