Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkō s-Saʿūdiyyah), officially the Saudi Arabian Oil Company, most popularly known just as Aramco (formerly Arabian-American Oil Company) is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia.[6][7] Saudi Aramcos value has been estimated at up to US$10 trillion in the Financial Times, making it the worlds most valuable company.[8][9][10] Saudi Aramco has total assets estimated at US$30 trillion, which includes the companys natural gas and oil reserves.[11] Saudi Aramco has both the worlds largest proven crude oil reserves, at more than 260 billion barrels (4.1×1010 m3),[5] and largest daily oil production.[12] Saudi Aramco owns, operates and develops all energy resources based in Saudi Arabia. Headquartered in Dhahran, Saudi Arabia,[13] Saudi Aramco operates the worlds largest single hydrocarbon network, the Master Gas System. Its 2013 crude oil production total was 3.4 billion barrels (540,000,000 m3),[5] and it manages over 100 oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves.[5] Saudi Aramco operates the Ghawar Field, the worlds largest onshore oil field, and the Safaniya Field, the worlds largest offshore oil field. Nothing stops Nigeria to have such a good records with our Oil but our hungry leaders destroyed the plant from the root, what a loose.
Posted on: Sat, 24 Jan 2015 22:21:49 +0000
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