The Saudi state oil company, headquartered in Dhahran, holder of the world's largest proven crude oil reserves at more than 270 billion barrels and operator of the largest single hydrocarbon network, the Master Gas System. It traces to the California-Arabian Standard Oil concession of 1933; a royal decree of November 1988 created the present Saudi Arabian Oil Company, and its December 2019 listing, at about 1.88 trillion dollars, made it the most valuable listed company in the world at the time.
Facts
Organization TypeState-owned oil company 1 Founded YearFounded 29 May 1933 as California-Arabian Standard Oil; the present Saudi Arabian Oil Company was created by royal decree in November 1988. Headquarters Cross-Tradition Connections
Sources
1. Wikipedia
Wikimedia FoundationSaudi Aramco, leadQuote, Saudi Aramco, lead
headquartered in Dhahran, Saudi Arabia
1. Wikipedia
Wikimedia FoundationSaudi Aramco, HistoryQuote, Saudi Aramco, History
In November 1988, a royal decree created a new Saudi Arab company, the Saudi Arabian Oil Company, to take control of the former Aramco assets
1. Wikipedia
Wikimedia FoundationAssociated With: Natural Gas, Saudi Aramco, operationsQuote, Associated With: Natural Gas, Saudi Aramco, operations
the world's largest single hydrocarbon network, the Master Gas System
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