Wednesday, October 27, 2010
Aramco company - SAMI
Saudi Aramco company is by far the largest petroleum company in the world. It is a global petroleum enterprise and a world leader in exploration and producing, refining, distribution, shipping and marketing. It has one of the largest tanker fleet to transport the oil to all world's countries. The company produces about 10 million barrels of oil everyday. The story of this company started in 1933 when an american company discovered the first oil well in the east of the country. However, Aramco was completely owned to the american company until 1973 when the Saudi government bought 25% of the company. In 1980 the company became Saudi 100%. During the last 16 years, Aramco has been given awards for being the biggest oil company in world. About 55000 employees are working for Aramco now.
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Thanks for researching that, Sami.
ReplyDelete10 million barrels is incredible!
Just interested... was there any conflict when the company was American-owned?
There was no conflict and the reason for being owned to america at that time is that the government was very poor but when it came into a fortune, it had the ability to buy the company.
ReplyDeleteThanks Sami - I was wondering. :)
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