No two samples of crude oil are identical. Unlocking crude oil’s composition secrets is critical information for our customers. It is also fundamental work toward maintaining Aramco’s oil and gas production value chain. Just like each sand grain is different, each crude oil type has its own exclusive chemical and molecular characteristics.
Dear colleagues, As we begin the blessed month of Ramadan this year, we are continuing to successfully adapt to new realities. Everyone who is a part of this great company has shown agility, patience, and flexibility during this time. And all of us are contributing to a vital purpose...
This is pepper country, the Moroccan traveler Ibn Battuta declared of Malabar, India’s southwest coast along the Arabian Sea. Admiring the tropical forests and hills made bountiful by monsoon rains, there was “not a span of ground or more but is cultivated,” he observed.
Aramco has signed a deal with a consortium led by EIG Global Energy Partners (“EIG”), one of the world’s leading energy infrastructure investors, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network.
Aramco Participates in Launch of Altamayyuz Finance and Accounting Excellence Academy in Collaboration with World-renowned Financial Institutions
Aramco today announced its creation and participation in the launch of Altamayyuz Finance and Accounting Excellence Academy, a first-of-its-kind collaboration between leading accountancy firms and investment banks which establishes a center of excellence for finance and accounting.
With the sun pouring through the window in Khuzam Palace, Finance Minister ‘Abd Allah Al-Sulayman and Standard Oil Company of California (Socal) attorney Lloyd N. Hamilton finalize the negotiations that had dragged on for more than three months.
In January 1879, Lady Anne Blunt, the granddaughter of English poet Lord Byron, arrived with her husband Wilfrid at the Jubah oasis, more than two-thirds of the way across the Great Nafud Desert.
From the shipyards that line Tanah Beru’s beachfront, the masts of great wooden sailboats rise to palm-tree heights. Closer to the sands, shipwrights wield saws and adzes to sculp 40-meter hulls made of massive timbers bent into shape over open fires and assembled with dovetails, pegs and other joinery—no nails.
Aramco and American Concrete Institute announce new Center of Excellence for Nonmetallics in Building and Construction
Aramco and the American Concrete Institute (ACI) announce the launch of NEx: A Center of Excellence for Nonmetallic Building Materials to develop and promote the use of nonmetallic materials in the construction sector.
Being an explorer, the idea of crossing the Rub’ al-Khali, also known as the Empty Quarter, was a big challenge. We spent three months preparing for the trip, meeting frequently to study any potential risks or challenges that we may face.
Nasir K. Al-Naimi has been appointed senior vice president of Upstream, effective April 1, 2021, after previously being appointed acting Business Line Head of Upstream in September 2020.
Khalid M. Al-Abdulqader has been appointed as the vice president of Unconventional Resources effective April 1, 2021. Prior to this appointment, Al-Abdulqader has been serving as the executive director of Unconventional Resources.
This Annual Report covers financial and operational aspects of Aramco from January 1, 2020 to December 31, 2020, and is issued in both Arabic and English. The print version is identical to its PDF counterpart, which is available at aramco.com.
The Saudi Arabian Oil Company (“Aramco” or “the Company”) today announced its full-year 2020 results, demonstrating exceptional resilience despite the macroeconomic impact of COVID-19 and delivering on its intended dividend payments to shareholders.
Jiddah is a city that hosts great contrasts: on the one hand, it is a large, modern metropolis, and on the other, it is has always existed. Some say the city houses the tomb of Eve, from which the name of the city is said to be derived: جدة “Jaddah,” meaning “grandmother.”
Sponsored by the Saudi Aramco president & CEO and organized by Saudi Aramco Golf Association (SAGA), the CEO Cup Golf Tournament began back in the 1970s, and it has been held annually continuing the tradition ever since.
With more than 30 years of experience in the oil and gas industry, Said A. Al-Hadrami is retiring as vice president of Retail and Lubes Development. Al-Hadrami, who was honored at an event attended by Saudi Aramco president and CEO Amin Nasser and other members of management, spoke of his pride of being involved in “the company family.”
Vice president of New Business Development (NBD), Mohammad I. Al Assaf, is retiring after 36 years with the company. Al Assaf was honored by Saudi Aramco president and CEO Amin Nasser and other members of corporate management at a recent ceremony in Dhahran.
Clarification on Aramco – Hyundai Heavy Industries Holdings (HHIH) MoU for Blue Hydrogen and Ammonia
In its press release of 3rd March 2021, Hyundai Heavy Industries Holdings (HHIH) announced a non-binding MoU for a research and development opportunity, not a commercial agreement.
On March 4, 1938, “Lucky 7” started producing and Saudi Arabia was launched on its journey to become the world’s largest oil producing nation. Or so runs the widely accepted version of history. But the two years after Lucky 7 were incredibly difficult. The author reveals three major events the early employees had to overcome in those critical years.