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August 30, 2015 11:19 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Saudi Arabian Oil Company

Company Overview

Saudi Arabian Oil Company offers hydrocarbon exploration, production, refining, distribution, shipping, and marketing services. Additionally, it exports crude oil and natural gas liquids (NGLs). The company also provides oil recovery, gas development, solar power generation, and natural gas recovery services. Saudi Arabian Oil Company was formerly known as Arabian American Oil Company and changed its name to Saudi Arabian Oil Company in November 1988. The company was founded in 1933 and is based in Dhahran, Saudi Arabia.

North Park 3

Building 3302

Dhahran,  31311

Saudi Arabia

Founded in 1933


966 13 872 0115


966 13 873 8190

Key Executives for Saudi Arabian Oil Company

Interim Chief Executive Officer, Interim President and Director
Senior Vice President of Finance, Strategy, and Development
Senior Vice President and Director
Senior Vice President of Technical Services
Age: 55
Senior Vice President of Downstream Operations
Compensation as of Fiscal Year 2015.

Saudi Arabian Oil Company Key Developments

LUKOIL Seeks To Sell Stake In Luksar

Open Joint Stock Company Oil company LUKOIL (MICEX:LKOH) is seeking to cut its stake to 50% in oil production project LUKOIL Saudi Arabia Energy Ltd. (Luksar). LUKOIL President Vagit Alekperov, told journalists that it is keen on increasing its partner Saudi Arabian Oil Company's stake in the joint venture to 50% from the current 20%.

Saudi Aramco to Expand Invest in China, South Korea

Saudi Aramco planed to invest USD 70 billion to USD 80 billion in overseas M&As and investments over the coming five years and major destination is Asia, especially China and South Korea.

Saudi Arabian Oil Seeks Acquisitions

Saudi Arabian Oil Company plans to spend $70 billion to $80 billion on overseas acquisitions and investments in the next five years, people with knowledge of the matter said.

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