Aramco is an oil and gas company headquartered in Dammam, Saudi Arabia. The company is the largest oil producer in the world and one of the listed oil companies. It is responsible for the exploitation, production, sales and transportation of oil and gas resources in Saudi Arabia. In addition, Aramco also conducts a number of energy-related businesses and research around the world, including petrochemical, lubricating oil and coal gasification.
Aramco was founded in 1933, formerly known as Saudi Arabian National Oil Company. 1970s, the Saudi government began to gradually recover the state-owned shares of the company, and made a large-scale initial public listing in 20 19. Aramco is not only an oil company, but also plays a very important role in Saudi economy and society. The company is also one of the main sources of income for the Saudi government and has been promoting the development of the Saudi economy for many years.
Advantages of Aramco:
1, strong refining strength.
Saudi Aramco has a strong refining capacity, with a total refining capacity of 4.86 million barrels per day in 20 19. The company's strong upstream production capacity can continuously provide high-quality raw material guarantee for the company's downstream business; The downstream business of the company is the largest customer of the upstream sector. In 20 19, the company's refining plate consumed 37% of its crude oil output.
In the field of refined oil retail, Saudi Aramco has continuously set up subsidiaries, associated companies and investment companies in other parts of the world. As of 20 18, the company has more than 5,000 gas stations in the United States, 1000 gas stations in China, 2 100 gas stations and 6,400 gas stations in Japan.
2. Strong innovation and R&D strength.
In order to find and exploit oil more effectively, 1997 company developed the POWERS simulator, which used the three-dimensional model to simulate the oil and gas reservoirs in the oilfield, and then derived a series of Saudi Aramco simulation software with more powerful functions and higher accuracy. In 2000, the company established an R&D center in Dhahran as the foundation of the global R&D network, and devoted itself to technology research and development to reduce costs, strengthen production safety and protect the environment.
Driven by technology, the downstream of Saudi Aramco gradually improved, and the first petrochemical plant began production in 2009. 20 10 introduced the second generation of POWERS technology. As of 20 17, Saudi Aramco has obtained 230 patents granted by the US Patent and Trademark Office.
Reference to the above content: Baidu Encyclopedia-Saudi Arabian National Oil Company