This is a joint venture between Shell Overseas Investment B.V. and Al Jomaih Holdings Company. Through its state-of-the-art lube oil blending plant in Riyadh, the company is engaged in blending, marketing, and selling Shell lubricants in Saudi Arabia.
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.
What are the new oil fields in Saudi Arabia?
The new fields are Haradh, Khurais, Khusaniyah, Manifa, Neutral Zone (shared with Kuwait), Nuayyin and Shaybah I II & III. Saudi Arabia is the major oil producer in the world accounting for 12.9% of the global production.
What type of energy does Saudi Arabia produce?
Energy in Saudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world’s leading oil producer and exporter. Saudi Arabia’s economy is petroleum-based; oil accounts for 90% of the country’s exports and nearly 75% of government revenue.