Saudi Aramco (Arabic: أرامكو السعودية ) is the state-owned national oil company of Saudi Arabia. It is the largest oil corporation in the world with the largest proven crude oil reserves and production. Headquartered in Dhahran, Saudi Arabia, Saudi Aramco also operates the world's largest single hydrocarbon network, the Master Gas System. It was known as just Aramco between the years of 1933-1988, an acronym for Arabian American Oil Company.
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Saudi Aramco (Arabic: أرامكو السعودية ) is the state-owned national oil company of Saudi Arabia. It is the largest oil corporation in the world with the largest proven crude oil reserves and production. Headquartered in Dhahran, Saudi Arabia, Saudi Aramco also operates the world's largest single hydrocarbon network, the Master Gas System. It was known as just Aramco between the years of 1933-1988, an acronym for Arabian American Oil Company.
As of the end of 2006, its yearly production of only crude oil neared 3.4 billion barrels (540,000,000 m) and it managed over 100 oil and gas fields in Saudi Arabia totaling at least 264 billion barrels (4.20×10 m) of oil reserves and 253 quadrillion scf of gas reserves.
Among those fields fully owned by the company is the Ghawar Field, the world's largest oil field; the Safaniya Field, the world's largest offshore field; and the Shaybah Field, one of the world's largest of its kind. It is thought to be by far the world's most profitable company....
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