This Annual Report covers financial and operational aspects of Aramco from January 1, 2021 to December 31, 2021, and is issued in both Arabic and English. The print version is identical to its PDF counterpart, which is available at aramco.com.
On the afternoon that was to change his life, in the spring of 1952, Amara bin Thuqub recalls sitting cross-legged by the fire outside the reed house he shared with his family in the village of Rufaiya. His friend Sabaiti sat with him, and they sipped thick, rust-colored tea sweetened by plump, glutinous dates.
Over the past 20 years, we strongly invested in innovation as part of our corporate culture to ensure our operations’ long-term sustainability and efficiency. As a result, our patent portfolio has continued to expand.
Aramco, Hyundai Motor Group, and King Abdullah University of Science and Technology (KAUST), have agreed to jointly research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide (CO2) emissions of a vehicle.
Aramco on Thursday, March 10, said it would help develop a major integrated refinery and petrochemical complex in Northeast China. Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco, North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group, will develop the liquids to chemicals complex.
Aramco today announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110.0 billion. Aramco declared a fourth quarter dividend of $18.8 billion, to be paid in the first quarter of 2022.
On March 8, Aramco, through its Saudi Aramco Asia Company Limited (SAAC) subsidiary, signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) for potential downstream collaboration in China.
Jabeur celebrates match point against Anett Kontaveit on October 14 during their quarterfinal match of the BNP Paribas Open at the Indian Wells Tennis Garden in California.
Thank you Dan, and good morning Ladies and Gentlemen. It is such a pleasure to be back at CERA Week after a three year wait. Of course, Covid dominated much of our attention. But, once again, our industry rose to the moment – keeping economies moving, businesses running, and remaining at the heart of everyday lives.
Tarout Island is located approximately 40 km from Dhahran, off the coast of Qatif in the Eastern Province. It is the second largest island in the Arabian Gulf, second only to Bahrain, and one of the oldest sites inhabited by humans in the region.
AramcoWorld, Saudi Aramco's flagship publication, is widely recognized as a leading source of nonpolitical coverage of the history, geography, arts and cultures of Saudi Arabia, the Middle East and the wider Islamic world, with an emphasis on the interweavings of the plural cultures of East and West, past and present.
Looking out at the white sands and glistening waters of the Gulf of Mexico, Arailym Mergenova remembers as a child peering westward from Aktau, Kazakhstan, to the Caspian Sea disappearing over the horizon.
The King Abdulaziz Center for World Culture (Ithra) celebrates Saudi Founding Day (Tuesday, Feb. 22) through Feb. 26 by taking visitors on a journey to the Kingdom’s beginnings when three centuries ago its foundations were laid in the hills of Najd with the pillars of a state that thrives to this day.
Saudi Arabian Oil Company (“Aramco”) and an international investor consortium, led by affiliates of BlackRock and Hassana, announced today the successful closing of the lease and leaseback deal previously announced on December 6, 2021. The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 billion. The consortium comprises leading institutional investors including, amongst others, Keppel Infrastructure Trust, Silk Road Fund, and China Merchants Capital.
“The Garden of Africa” (detail) is both the title of this etching, shown in full below, and the name of the cemetery in Zarzis, Tunisia, where the gate, below, requires visitors to stoop in a gesture of respect for the deceased within.
The Aramco Journal of Technology is published quarterly by the Saudi Arabian Oil Company, Dhahran, Saudi Arabia, to provide the company’s scientific and engineering communities a forum for the exchange of ideas through the presentation of technical information aimed at advancing knowledge in the hydrocarbon industry.
The Aston Martin Cognizant Formula One™ Team and Aramco today announced a long-term strategic partnership, which will drive the development of highly efficient internal combustion engines, high-performance sustainable fuels, advanced lubricants and the deployment of non-metallic materials in vehicles.
In the first of this six-part series, we begin as geometric Islamic art teacher, Richard Henry, teaches how to draw, step-by-step, a swirling dance of geometry from a famous cut-tile wall panel in the Alhambra palace in Granada, Spain. It’s easier than it looks. So find a compass, ruler and pencil and give it a try.
Aramco on Tuesday officially announced the launch of Prosperity7 Ventures, a 1-billion-dollar venture capital fund. The fund has been operational for over a year, but was today launched officially by Aramco chief technology officer Ahmad O. Al-Khowaiter during the LEAP 22 technology conference in Riyadh.
Aramco’s supply chain resilience has been further enhanced by the signing of 50 new Memorandums of Understanding (MoUs) at the In-Kingdom Total Value Add (iktva) Forum and Exhibition.