BUSINESS

Saudi Armaco Oil Company

Saudi Armaco Oil Company

Products and Services

Saudi Aramco is a state-owned oil and gas company. The company's key products and services include:

Products

Crude oil

Natural gas (propane, butane, condensate, and natural gasoline)

Petroleum products

Hydrocarbons

Sulfur

Services

Oil operations

Gas operations

Refining and distribution

Electric power network operations

Energy shipping

Competitors

BP Plc

Chevron Corporation

Exxon Mobil Corporation

Libya National Oil Corporation

Petroleos de Venezuela S.A.

Royal Dutch Shell plc

Enable the giant global oil company Saudi Aramco to overcome the stage to compete with international oil companies after landing on top of industry Energetic by reaching capacity, production capacity to 12.5 million barrels a day, and the building of a industrial giant has a production capacity make it in the forefront of oil exporters in the world and the possession of high-tech support offers the industry and achieving a continuity in the lead and the path of excellence over the coming years reinforcing the position of the Kingdom of the global economic landscape.

Based Saudi Aramco on the proven reserves huge estimated at more than 260 billion barrels and is working to maintain them through the development of exploration program and exploration taking into account the directives of the Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz, may God preserve him to remain a part of these reserves in the ground for future generations from his view of leadership and his commitment to the future of the people of this country.

This distinction was not the price cheap, but that the company spent more than 375 billion riyals to reach its current production and continues to monitor large budgets for the continuation of research and inventions in the field of modern technologies and their applications, noting company officials that there are applications of modern technology will be employed in operations the company to improve production and raise the efficiency of petroleum reservoirs, such as technical «Nanotechnology», which is the latest oil industry, and is expected to occur these applications a great revolution in the diagnosis of oil reservoirs and to identify the precise formulations leading to improved productivity.

Officials assert Alnaftyon that, despite the fact that there is excess capacity at the company's estimated about 4.4 million barrels per day cost it billions of dollars, but this is a secure energy supply in the world and an important and pivotal role in the stability of energy prices at levels contribute to the growth of the global economy and make it beyond the consequences of the financial crisis that have affected the standard of living of many of the peoples of the world.

This ability to increase production capacity and planning to increase them if the need arises to 15 million barrels per day during the coming decades makes Saudi Aramco dispel concern the arrival of Saudi oil to the peak of oil production, and stresses that the Saudi oil will continue, God willing, to flow to meet the global demand for energy sources filling a need, as well as the domestic market of refined petroleum ...