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Saudi Aramco is a fully-integrated, global petroleum enterprise and a world leader in exploration and producing, refining, distribution, shipping and marketing; and 100% owned by the Kingdom of Saudi Arabia. It manages proven reserves of 260 billion barrels of crude oil and it manages the fourth-largest gas reserves in the world, 239.5 trillion cubic feet. Saudi Aramco, through its affiliate, Vela Marine International Ltd, owns and operates the world's second largest tanker fleet to help transport its crude oil production, which amounted to 3.1 billion barrels in 2007. Saudi Aramco, through its affiliates, has joint ventures and subsidiary offices in China, Japan, Netherlands, the Republic of Korea, Malaysia, Singapore, the United Arab Emirates, the United Kingdom and the United States. Saudi Aramco also refines and distributes oil products throughout the Kingdom of Saudi Arabia to meet domestic daily energy demands |
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