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Petroleum

 

 

Petroleum in Saudi Arabia

 

Middle East > Saudi_Arabia > Business_and_Economy > Industries > Petroleum

 

1     Ministry of Petroleum & Mineral Resources

Web site of the ministry; site has info on the kingdom's oil policy, history of the industry, petroleum organisations and so on; monitors the activities of Saudi Aramco, Saudi Texaco, AGOC, Ma'aden, Saudi Geological Survey etc

 

2     National Gas & Industrialization Co (GASCO)

Sells & markets liquefied petroleum gas (LPG) throughout the Kingdom; based in Riyadh, with branches in Dammam, Buraidah, Madinah, Jeddah, Taif & Khamis Mushait; deals in cylinders, carriers & tanks

 

3     SABIC

Petrochemicals company set up to add value to the kingdom's natural hydrocarbon resources; owned by the Saudi government (70%) & private investors; based in Jeddah; SBUs: basic chemicals, intermediates, polyolefins, PVC/polyester, fertilisers, metals

 

4     Saudi Aramco

Fully integrated international petroleum company with the world's largest oil reserves (one-fourth of the world's total); activities include exploration, production, refining & distribution, shipping and so on; headquarters: Dhahran

 

5     Saudi Industrial Investment Group (SIIG)

Joint stock company based in Riyadh; has investments in petrochemical industries (Saudi Chevron Phillips, Jubail Chevron Phillips Company); the companies make cyclohexane, mo-gas, benzene, styrene, propylene, motor gasoline etc

 

6     Xenel

Business group based in Jeddah; has interests in systems (radar, air control installations, networking etc), trade & transport (import, export), healthcare, infrastructure, cables, electrical power generation, construction, oil & gas exploration etc

 

7     Arab Petroleum Investments Corporation (APICORP)

Organisation set up by OAPEC countries to promote and finance petroleum-related projects; head office is in Dammam; activities: project finance, trade finance, corporate finance, financial advisory services, direct equity investments etc

 

8     Shoaibi Group

Business group whose core activities are in oil & gas, power & telecommunications; based in Al-Khobar; operates through six core member companies: SCE, SCIC, SoftTech, INELCO, PETROCO & GENTAS

 

9     The Ghawar Oil Field, Saudi Arabia

Has information on the world's largest conventional oil field, accounting for more than half of Saudi Arabia's cumulative oil production

 

 

 

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