saudiaramco.com
Saudi Aramco is a government-owned Oil Company in Saudi Arabia. For many years it has been an international petro-chemical operation. Since its creation over 80 years ago as Arabian-American Oil Company (Aramco), Saudi Aramco has evolved into an global leader in the exploration of uses and applications of hydrocarbons.
Saudi Aramco plays a central role in the regulation of the global economy by supplying spare oil production with the aim of stabilizing oil prices throughout the world.
The three-year slide of oil prices has delivered a major hit to the financial stature of Saudi Arabia, primarily because of their status as the world’s top oil producer. While that title has seemingly fluctuated in the past year with Russia, the economic punch that those two nations provide has the ability to provide an…
During an economic forum in Jeddah, Saudi Arabia and the West African nation of Equatorial Guinea came to an agreement on May 11 that brings the two countries together on a variety of business projects. One of those is an agreement that will help finance what will be the region’s largest terminal for oil storage….
Though the impact of Saudi Arabia within the American oil market has been diminished over time, their ability to maintain a very clear presence once again came into focus on May 1. That was when Saudi Aramco, the Kingdom’s state-run oil company, finalized an agreement to take complete control of the largest oil refinery in…
