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 Inks First Oil Contract With China's Huajin
Monday, February 13, 2017 Saudi Aramco signs a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply crude in 2017.
White & Case Advises Saudi Aramco On World's Biggest IPO
Thursday, February 09, 2017 Saudi Aramco appoints international law firm White & Case as legal adviser for its planned initial public offering (IPO), expected to be the world's biggest.
An Energy Giant Bigger Than ExxonMobil in the Shadow of Saudi Aramco
Thursday, February 09, 2017 Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco.
Saudi Aramco Said to Weigh Up to $5 Billion of Renewable Deals
Monday, January 30, 2017 Saudi Aramco is considering as much as $5 billion of investments in renewable energy firms as part of plans to diversify.
Saudi Aramco Selects US Firms To Audit Its Reserves For IPO
Friday, January 27, 2017 Saudi Aramco tasks 2 US industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year.
Sources: Saudi Aramco Shelves Plan For Venture With Malaysia's PETRONAS
Wednesday, January 25, 2017 Saudi Aramco shelves plans for a multi-billion-dollar refining and petrochemical joint venture with Malaysia's PETRONAS.
Saudi Aramco To Boost Gas Production At Hawiyah, Haradh
Friday, January 20, 2017 Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources say.
Saudi Aramco Chief Promises Oil Tax Cut to Lure Investors to IPO
Tuesday, January 17, 2017 Saudi Arabia has promised it will reduce the overall tax rate paid by its national oil company to make its 2018 initial public offering.
Rig Company Seadrill Sees Rough 2017 Despite Aramco Extension
Thursday, December 29, 2016 Seadrill says it signed a three-year contract extension with Saudi Aramco.
Saudi Arabia Switches OPEC Tack With Eye on World's Top IPO
Tuesday, December 06, 2016 To understand why Saudi Arabia changed course and decided OPEC should go back to managing supply, look at two of the kingdom's biggest policy challenges.
Sources: Saudi, Kuwait Expect to Restart Neutral Zone Oilfields Soon
Sunday, December 04, 2016 Saudi Arabia and Kuwait expect to agree soon on the resumption of oil production from their jointly-operated oilfields in the Neutral Zone.
Rowan, Saudi Aramco Tie Up For Offshore Drilling In Saudi Arabia
Monday, November 21, 2016 Rowan Companies Plc says it and Saudi Aramco, Saudi Arabia's state oil company, have agreed to form an equally owned joint venture to operate offshore drilling rigs in the country.
Saudi Aramco CEO Expects Oil Price Rise In 1st-Half 2017
Wednesday, November 02, 2016 Saudi Aramco expects oil prices to rebound in the first half of 2017 and for demand to remain healthy following 2 years of painfully low prices.
Will Saudi Aramco Snub the US, Take Its IPO to Europe or Asia?
Thursday, October 27, 2016 With Congress' push to let 9/11 victims sue Saudi Arabia, whether Saudi Aramco will file its $2 trillion IPO in the United States becomes a question.
CEO: Saudi Aramco Eyes 2018 For Listing
Tuesday, October 11, 2016 Saudi Aramco is targeting 2018 for what could be the world's largest public listing as it expects oil prices and market conditions to improve in the coming years.
Saudi Aramco Signs Deals To Let Turkish Firms Bid On Future Projects
Tuesday, October 11, 2016 Saudi Aramco signed memoranda of understanding Tuesday with 18 Turkish firms, enabling them to bid for Aramco projects in the years ahead.
Saudi Aramco IPO to Offer Stake in All Operations of Company
Thursday, October 06, 2016 The world's biggest oil company is planning to sell shares in the entire business and not just in its refining or distribution operations, its chief executive officer said in an interview.
Pertamina to Form Refinery Joint Ventures with Rosneft, Aramco
Monday, October 03, 2016 Indonesian state energy company Pertamina expects to sign a joint venture agreement with Russia's Rosneft for the Tuban oil refinery development project, according to a company official.
How Actual Nuts and Bolts Are Bringing Down Oil Prices
Wednesday, September 28, 2016 Standardized pipes and casings could hold the key to a pervasive mystery about today’s energy market: Why is everyone still drilling when prices are in the basement?
Aramco CEO Says Studies Several Foreign Exchanges For 2018 Listing
Monday, September 26, 2016 Saudi Aramco continues to look at several overseas exchanges including New York, Hong Kong and London for a listing in 2018 of a part of the state-owned oil company, CEO Amin Nasser says.