Saudi Aramco

1. About Saudi Aramco • As the name suggests, Saudi Aramco is owned by the Saudi Arabian Kingdom. • It is a fully incorporated, worldwide petroleum entity and the current market leader in production, exploration, refining, marketing, distribution and manufacturing petrochemicals • Saudi Aramco’s main objective is to find solutions to problems facing the global energy sector.

2. About Saudi Aramco Cont.

3. Products • In 1993, the government of Saudi Arabia issued a royal decree for Saudi Aramco to merge with the country’s oil refining firm. • The following year, Saudi Aramco acquired interest equity of 40% from Philippines largest refining oil company. • Since then, Saudi Aramco has been the major Oil refining and distributor to Philippines and the rest of the world. • The company’s mainly produces natural gas and oil.

4. Products Cont. • The company can produce up to 10 million daily barrels of crude oil on a continuous basis. • It also produces crude oil, petroleum oil and gas products for both local and international use. • Saudi Aramco’s refineries include; Yanbu, Rabigh, Riyadh, RasTanura and Jiddah • The company has established partnerships internationally to promote their products such as Mobil and Shell.

5. Opportunities • Saudi Aramco has managed to stay at the top as the world’s leading oil producer. Every year, it manages to increase its revenue by 5%. • In 2008, the oil company was ranked fifth on the Dinas Standard 100 list ranking it 5th best of 100. • The participating firms were from 57 countries of the organization of Islamic conference. • Since 2008, the company has remained on top of this list, proving that it had good returns.

6. Opportunities Cont. • Saudi Ramco is no doubt a world class company . It has managed to establish solid brands all over the world and their brands command presence in the international markets. • It has been one of the fastest growing companies in Saudi Arabia. • Saudi Aramco continues to rise due to the fact that its performance is strong and, hence it has established reserves that make it attain stability on the global market

7. Innovation • From the very first time they came into operation, employees of Saudi Aramco have always applied the latest technology. • The Exploration and Petroleum Engineering Centre (EXPEC) in 2006 made known the approach of Nanorobots. The nanorobots were known as Resbots. • The Resbots could be set out with the fluids into a hydrocarbon source to record temperature , pressure and fluid type. The information could be stored in a memory for significant purposes.

8. Innovation Cont. • The Resbots innovation earned Saudi Aramco an esteemed award known as New Horizons Idea Award in the 2008 Oil awards. • In addition, the company was recently selected as one of the top innovation notch companies. Employees are highly efficient with abilities to do aerial detection of oil spills . • These innovations facilitate and strengthen Saudi Aramco’s operations all over the world.