Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia.
Throughout our 80-year history we have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing.
We rank first among oil companies worldwide in terms of crude oil production and exports, and natural gas liquids (NGL) exports, and are among the leading producers of natural gas. We are also among the world’s leading refiners and are moving further downstream into chemicals production.
We manage proven conventional crude oil and condensate reserves of 260.2 billion barrels. Our average daily crude production in 2013 was 9.4 million barrels per day (bpd).
Total oil production for the year was 3.4 billion barrels, about one in every eight barrels of the world’s crude oil production.
We also have stewardship of natural gas reserves of 288.4 trillion standard cubic feet (scf).
Our gas production, in terms of raw gas to gas plants, was 4.02 trillion standard cubic feet, the most in a single year in our history. We also produced 455.9 million barrels of natural gas liquids (NGLs), including 86.8 million barrels of condensate.
Saudi Aramco and its subsidiaries own or have equity interest in domestic and international refineries with a total worldwide refining capacity of 4.9 million barrels per day (bpd), of which our equity share is 2.6 million bpd, making us the world’s sixth largest refiner.
In 2013, we produced 494 million barrels of refined products and exported 121 million barrels, nearly matching our record numbers from 2012. We exported 2.5 billion barrels of crude oil in 2013, with 53.8 percent exported to Asia.
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.