Along the Eastern Province, Saudi Aramco most notably operates the Ghawar Field (the world’s largest onshore oil field) and the Safaniya Field (the world’s largest offshore oil field). On 11 December 2019, the company’s shares commenced trading on the Tadawul stock exchange.
Does Saudi Aramco own Petron Corporation?
The following year, a Saudi Aramco subsidiary acquired a 40% equity interest in Petron Corporation, the largest crude oil refiner and marketer in the Philippines. Since then, Saudi Aramco has taken on the responsibility of refining oil and distributing it in the country.
How much oil does Saudi Aramco produce?
Saudi Aramco operates the world’s largest single hydrocarbon network, the Master Gas System. In 2013, its crude oil production total was 3.4 billion barrels (540 million cubic metres), and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves.
Does Saudi Aramco ship oil?
Saudi Aramco has employed several tankers to ship crude oil, refined oil, and natural gas to various countries. It used to have its own created subsidiary company, Vela International Marine, which was merged with Bahri company, to handle shipping to North America, Europe, and Asia.