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Aramco |
Also found in: Wikipedia | 0.09 sec. |
Aramcoin full Arabian American Oil CompanyOil company founded by the Standard Oil Co. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession. Other U.S. companies joined after oil was found near Dhahran in 1938. In 1950 Aramco opened a pipeline from Saudi Arabia to the Mediterranean Sea port of Sidon, Leb. It was closed in 1983 except to supply a refinery in Jordan. A more successful pipeline, with a destination on the Persian Gulf, was finished in 1981. In 1951 Aramco found the first offshore oil field in the Middle East. In the 1970s and '80s, control gradually passed to the Saudi Arabian government, which eventually took over Aramco and renamed it Saudi Aramco in 1988. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Jum'ah, head of Saudi Aramco (world's largest oil company based on production), said there's more than 100 years of oil left in the world at current production rates. Saudi Aramco World, published by Aramco Services Company, received a gold medal in Folio: magazine's Editorial Excellence Award competition held Oct. Saudi Arabia's state-owned energy company, Saudi Aramco, will be an equity owner in the projects. |
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