Who we are
Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia.
Through our 80-year history we have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world’s top exporter of crude oil and natural gas liquids (NGLs).
We manage proven conventional crude oil and condensate reserves of 260.2 billion barrels. Our average daily crude production in 2012 was 9.5 million barrels per day (bpd).
Total oil production for the year was 3.5 billion barrels, about one in every eight barrels of the world’s crude oil production and the most we have produced in a single year in our history.
We also have stewardship of natural gas reserves of 284.8 trillion standard cubic feet (scf).
In 2012, our annual gas production, in terms of raw gas to gas plants, was 3.9 trillion scf, an 8.3 percent increase from 2011 and the most in a single year in our history.
Saudi Aramco and its subsidiaries own or have equity interest in domestic and international refineries with a total worldwide refining capacity of almost 4.5 million bpd, of which our equity share is 2.4 million bpd, making us the world’s sixth-largest refiner.
In 2012, we increased our refined products production from 495 million barrels in 2011 to 507 million barrels. Exports of our refined products also increased by 2.4 percent to 126 million barrels. Crude oil exports increased by 100 million barrels to 2.521 billion barrels in 2012, with 53.2 percent exported to the Far East.
We report to the Supreme Council for Petroleum and Minerals Affairs, chaired by the Custodian of the Two Holy Mosques, King 'Abd Allah ibn 'Abd Al-'Aziz Al Sa'ud.
Headquartered in Dhahran, Saudi Arabia, Saudi Aramco has offices and operations throughout the Kingdom.
Our subsidiaries also have offices in North America, Europe and Asia. Our subsidiaries and affiliates are located in Saudi Arabia, China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, Egypt, the United Kingdom and the United States.
In compiling these achievements, we continued to meet our commitments to our customers.
Demand for oil and gas products is forecast to grow at a healthy pace supported by abundant resources, and Saudi Aramco continues to significantly contribute to maintaining the global availability of these resources.
We play a key role in the global economy by maintaining substantial spare crude oil production capacity to contribute stability to worldwide oil prices.
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