Saudi Aramco is a state-owned Oil Company in Saudi Arabia and has long been an international petroleum and chemical business enterprise. Over the past 80 years since its inception as Arabian-American Oil Company (Aramco), Saudi Aramco has grown into an international leader in exploring uses and applications of hydrocarbons.
Saudi Aramco dedicates its resources to investigate, produce and deliver a new perspective on the way the world lives through research and development in innovative technologies. A world exporter of NGLs (Natural Gas Liquids) and crude oil, Saudi Aramco ensures proper refining, production, marketing and shipping of their products. On an average, Saudi Aramco generates 9.4 million barrels of crude oil every day.
Saudi Aramco is the sixth largest crude oil refinery in the world today. Coupled with equity interests shared with subsidiaries and affiliates across the globe, Saudi Aramco owns the refining capacity of approximately 4.9 million barrels per day. With headquarters in Dhahran, Saudi Aramco has operations and supporting offices spread across the Kingdom. In addition, Saudi Aramco holds subsidiary offices in major Asian countries, prominent states in North America, as well as Europe.
Saudi Aramco plays a vital role in regulating the global economy by supplementing spare oil production in order to contribute to the stabilization of oil prices across the world.