Saudia.wiki The encyclopedia of Saudi Arabia
Economy

Saudi Aramco

Saudi Aramco is the national oil company of Saudi Arabia, one of the largest companies in the world and the custodian of the Kingdom's vast oil reserves.

By Editorial Desk Edited by Site Administrator Updated

Overview

Saudi Aramco (Arabic: أرامكو السعودية) is the national oil and gas company of Saudi Arabia, headquartered in Dhahran. It is one of the largest companies in the world by revenue and market capitalisation.

History

The company was founded in 1933 as the California Arabian Standard Oil Company and discovered oil in commercial quantities at Dammam No. 7 in 1938. It was fully nationalised in 1980 and renamed Saudi Aramco in 1988.

Operations

Aramco manages the Kingdom's vast oil reserves, including the Ghawar field, the largest conventional oil field in the world. It is a major global exporter of crude oil and a leader in petroleum research and technology.

References

  1. Saudi Aramco \u2014 Saudi Aramco (accessed 5 October 2026)
  2. Saudi Aramco \u2014 Encyclopaedia Britannica (accessed 5 October 2026)

Related

Economy of Saudi Arabia

Saudi Arabia has one of the largest economies in the Middle East, built on oil and now being diversified under…

Saudi Vision 2030

Vision 2030 is Saudi Arabia's plan to diversify its economy away from oil and to transform society, government…

NEOM

NEOM is a planned economic zone in north-western Saudi Arabia, a flagship Vision 2030 project that includes th…

The Red Sea Project

The Red Sea Project is a luxury tourism development on the Saudi Red Sea coast, one of the flagship destinatio…