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 Says Discovers New Fields, to Continue Energy Investments
Friday, May 27, 2016 Saudi Arabia's state oil giant Aramco discovered new oil and gas fields last year and the kingdom is committed to continue investing in its energy sector to meet future demand, its new energy minister says.
Saudi Aramco Said To Appoint JPMorgan, HSBC For Debut Bond Sale
Wednesday, May 25, 2016 Saudi Aramco, the world's largest oil exporter, is working with JPMorgan Chase & Co., HSBC Holdings and Riyad Bank on the company's first sale of Islamic bonds, people with knowledge of the matter say.
Saudi Arabia's Economic Plan Shows It's Just Not That Into OPEC
Tuesday, May 24, 2016 Saudi Arabia, one of the founders of OPEC, is sounding the group's death knell.
GE Agrees to $3B Saudi Arabia Investments Outside of Crude
Monday, May 23, 2016 General Electric agreed to take part in $3 billion of Saudi Arabia investments as the desert kingdom seeks to diversify its economy away from crude.
Sources: Saudi Aramco Awards Hasbah Gas Expansion Contract
Monday, May 16, 2016 State oil giant Saudi Aramco awards a $1 billion-plus contract to India's Larsen & Toubro and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, industry sources said.
Saudi Aramco Says Looking At New Ventures Around Globe
Tuesday, May 10, 2016 State oil company Saudi Aramco wants to expand globally and is looking at potential joint ventures in several countries, including Indonesia, India, the United States, Vietnam and China, chief executive Amin Nasser says.
Saudi Aramco Says Its Oil Output Trending Slightly Upwards
Tuesday, May 10, 2016 Saudi Aramco's oil production is trending slightly upwards in 2016 because of growth in demand, says chief executive Amin Nasser.
Saudi Arabia Plans to Expand Oil Business as Global Demand Rises
Tuesday, May 10, 2016 Saudi Arabian Oil, the world's biggest oil exporter, said it will keep expanding and meet demand from customers as global consumption increases, the head of the state-run producer says.
Former US Secretary of State Baker Welcomes Saudi Aramco IPO Plans
Tuesday, May 10, 2016 Former US Secretary of State James Baker said Saudi Arabia's plans for a public share offering may be "just what the doctor ordered" for the Kingdom, citing its need for "fundamental change."
Sources: Saudis To Push Oil Output Higher But Won't Flood Market
Friday, April 29, 2016 Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources says.
Saudi Spot Oil Deal In China Seen By Citi A 'Dramatic' Shift
Tuesday, April 26, 2016 The world's biggest crude exporter, Saudi Arabia, breaks from its usual practice of selling via long-term contracts, according to Citigroup.
Less Than 5% Of Saudi Aramco To Be Sold
Monday, April 25, 2016 Saudi Arabia plans to sell less than 5% of its state oil company Saudi Aramco through an IPO, Deputy Crown Prince Mohammed bin Salman says.
Saudi Arabia Said To Pick JPMorgan, Banker Klein For Aramco IPO
Wednesday, April 20, 2016 JPMorgan and Michael Klein, the former Citigroup investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.'s initial public offering, according to people familiar with the matter.
Saudi Aramco IPO Could Raise $106B For Wealth Fund
Friday, April 08, 2016 Saudi Arabia's sovereign wealth fund could receive $106 billion in cash from the sale to the public of a 5 percent stake in oil giant Aramco's parent company, according to the Sovereign Wealth Fund Institute.
Saudi Aramco Expanding Oil, Gas Projects Even With Low Prices
Wednesday, March 30, 2016 Saudi Arabian Oil Co. is pressing ahead with an expansion of the Khurais oil field despite lower crude prices and plans to double its production of natural gas over the next 10 years.
Device Merges Gas Chromatography, Mass Spectrometry
Friday, March 25, 2016 A new device marries the speed of ballistic gas chromatography with high-pressure mass spectrometry to identify molecules and lower limits.
CEO: Saudi Aramco To Double Gas Production In 10 years
Tuesday, March 08, 2016 Saudi Aramco plans to nearly double its gas production to 23 billion standard cubic feet per day in the next decade, its chief executive says.
Oil, Gas Senior Execs Focus on Workforce, Growth and Technology
Wednesday, February 24, 2016 As low oil prices continue, senior executives from oil and gas companies focus on short-term and long-term strategies to stay competitive and grow.
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.