Skip to main content
SpringerLink
Log in

Not Your Average National Oil Company

  • Chapter
  • First Online:
Saudi Aramco 2030

  • 1212 Accesses

Abstract

Aramco today produces approximately one in every eight barrels of the world’s crude oil supply, and the company is of the firm belief that as the global population grows, economies, especially of some of the major developing countries like China and India, grow; standards of living increase; and energy will continue to be an essential opportunity for Aramco. At the same time, the company is aware of global concerns arising from fossil fuel emission and global warming and the trend for use of renewable energy. The company today rests somewhat secure based on Aramco’s undisputed low cost base and its upstream oil might, despite some dispute over the size of the Kingdom’s oil reserves discussed in later chapters. Saudi Aramco is also moving ahead and is taking steps to capture and create value from the hydrocarbon it produces.

If you wish to reach the highest, begin at the lowest

Syrus-maxims

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 79.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 84.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 84.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Aizhu, C. (2017) “China’s Norinco and Saudi Aramco line up $ 10 billion refinery plan”. Reuters. 17 May 2017.

    Google Scholar 

  • Al Meshari, A. (2011) “Carbon capture and storage: value creation or cost?” KAPSARC, Riyadh. Energy Dialogue at KAPSARC, 20–22 Nov. 2011.

    Google Scholar 

  • Almashabi, D. (2016) “Saudi Aramco, Sabic looking at joint U.S. Shale gas investment”. Bloomberg. 19 Apr. 2016.

    Google Scholar 

  • Arab News. (2016b) “Kingdom Issues Clarification on Energy Price Increases”. Arab News, Jeddah. 30 Dec. 2016.

    Google Scholar 

  • Arab News. (2017c) “Saudi Aramco set to sign China’s Yunan refinery deal”. Arab News. Jeddah, 24 Aug. 2017.

    Google Scholar 

  • Argaam. (2017k) “Saudi Aramco signs MOU’s with China’s Norinco, Aerosum”. Argaam, 20 Mar. 2017.

    Google Scholar 

  • Argaam. (2017l) “Saudi Arabia shortlists firms for solar, wind power projects”. Argaam, 11 Apr. 2017.

    Google Scholar 

  • Argaam. (2017m) “Dow plans to increase stake in Sadara JV with Saudi Aramco”. Argaam, 29 Aug. 2017.

    Google Scholar 

  • Asthana, A and Taylor M. (2017) “Britain to ban sale of all diesel and petrol cars and vans from 2040”. The Guardian. London, 25 July 2017.

    Google Scholar 

  • Blas, J. (2017a) “Inside Saudi Arabia’s Big Bet on Plastics”. Bloomberg Businessweek. 2nd July 2017.

    Google Scholar 

  • Blas, J. and Mahdi, W. (2016) “In Saudi Aramco IPO, Global refining empire may become the prize”. Bloomberg. 28 Jan. 2017

    Google Scholar 

  • Chrisafis, A. and Vaughan, A. (2017) “France to ban sales of petrol and diesel cars by 2040”. The Guardian, London. 6 Jul. 2017.

    Google Scholar 

  • Dipaola, A .( 2017) “Aramco plans to buy non-Saudi crude in Global Trading expansion”. Bloomberg. London, 18 September 2017.

    Google Scholar 

  • Defterios, J. (2017) “The King of Saudi Arabia’s Asia tour”. Arab News, Jeddah. 8 Mar. 2017.

    Google Scholar 

  • Goldsmith, C. (2017) “Saudi Aramco is set to pay Shell $ 2.2 bn to finalize the breakup of a U.S. joint venture”. City A.M. 7 Mar. 2017.

    Google Scholar 

  • Jadwa Investment. (2017c) “Petrochemicals and the Vision 2030”. Jadwa Investments. Feb. 2017.

    Google Scholar 

  • Kibe, H. (2017) “Toyota to sign off on feasibility study for Saudi plant”. Nikkei Asian Review, Tokyo. 11 Mar. 2017.

    Google Scholar 

  • Kingdom of Saudi Arabia. (2016) “Global Medium Term Note Program”. Prospectus, Ministry of Finance, Riyadh. Dated 10 Oct. 2016.

    Google Scholar 

  • Latiff, R. (2017) “Saudi Aramco to invest $ 7 billion in Petronas RAPID oil refinery”. Reuters. 28 Feb. 2017

    Google Scholar 

  • Liu, H., Tellez, B., Atallah, T. and Barghouty, M. (2012) “The role of CO2 capture and storage in Saudi Arabia’s energy future”. International Journal of Greenhouse Gas Control, Vol. 11, pp. 163–171.

    Article  Google Scholar 

  • Mahdi, W. (2017b) “Aramco to spend $ 300 billion as CEO frets about world oil supply”. Bloomberg. 10 Jul. 2017.

    Google Scholar 

  • Mahdi, W. and Nereim, V. (2017) “Saudis seek 30 Solar, Wind Projects in $50 billion Pledge”. Bloomberg, London. 17 Apr. 2017.

    Google Scholar 

  • McKinsey & Company. (2015) “Saudi Arabia beyond oil: the investment and productivity transformation”. Report. December 2015. McKinsey Global Institute, London.

    Google Scholar 

  • Motavalli, G. (2017) “European companies flocking into Tehran widen divide with Trump”. Bloomberg. 5 Jul. 2017.

    Google Scholar 

  • Nereim, V. and Wilkin, S. (2016) “Sabic, Saudi Aramco form team to rush oil-to-chemicals project”. Bloomberg. 19 Oct. 2016.

    Google Scholar 

  • Petroleum Economist. (2017) “Saudi Aramco’s shifting strategy”. 11 May 2017.

    Google Scholar 

  • Ramady, M. and Mahdi, W. (2015) “OPEC in a Shale Oil World: Where to Next?” New York: Springer.

    Book  Google Scholar 

  • Rasooldeen, M. (2017) “King Salman to begin Asian tour in Malaysia”. Arab News, Jeddah. 27 Feb. 2017.

    Google Scholar 

  • SABIC. (2017) “Annual Report 2016: Driving Change Accelerating Growth”. SABIC, Riyadh. 2017.

    Google Scholar 

  • Saudi Arabian Government. (2016a) “Vision 2030 Official Website. www.vision2030.gov.sa”. June 2016.

  • Saudi Aramco. (2011b) “Energy to the world: the story of Saudi Aramco: Volume 2”. Saudi Aramco Services Company, Houston, USA, Vol. 2.

    Google Scholar 

  • Saudi Aramco. (2015) “Citizenship Report 2014”. Saudi Aramco, Dhahran. 11 May 2015.

    Google Scholar 

  • Saudi Aramco. (2016b) “Annual Review 2015”. 26 May 2016. www.saudiaramco.com. Dhahran, Saudi Arabia.

  • Saudi Aramco. (2016c) “Facts and Figures 2015”. Saudi Aramco, Dhahran. 21 June 2015.

    Google Scholar 

  • Saudi Aramco. (2017c) “Saudi Aramco Sukuk Company SR 37.5 billion Sukuk Issuance Program”. Base Prospectus, Saudi Aramco, Dhahran. 21 Mar. 2017.

    Google Scholar 

  • Saudi Aramco. (2017e) “Saudi Aramco Annual Review 2016”. Saudi Aramco, Dhahran, Jul. 2017.

    Google Scholar 

  • Seba, E. (2017) “Saudi Aramco plans up to $ 30 billion investment in MOTIVA by 2023”. Reuters. 27 May 2017.

    Google Scholar 

  • Sequeira, J. (2017) “Sadara CEO says Jubail chemical complex nearly complete”. Argaam, 12 Jan. 2017.

    Google Scholar 

  • Shamseddine, R. (2017b) “Saudi Aramco says to set up new chemicals unit”. Reuters, London. 17 May 2017.

    Google Scholar 

  • Shamseddine, R. (2017c) “Saudi Aramco, France’s Total in talks for mixed-feel crackers: report”. Reuters, 4 Jul. 2017.

    Google Scholar 

  • Sharafadin, B. (2017) “Total makes Iran return with South Pars gas deal”. Reuters. 3 Jul. 2017.

    Google Scholar 

  • Tan, F. (2017) “Indian Oil Corp. in early talks with Aramco for downstream project”. Reuters. 8 May 2017.

    Google Scholar 

  • UBS. (2017) “Global oil and gas: Focus on Saudi Aramco”. UBS, London. Global Research. 9 Jul. 2017.

    Google Scholar 

  • Waldman, P. (2016) “The $ 2 Trillion project to get Saudi Arabia’s economy off oil”. Bloomberg, London. 21 Apr. 2016.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. London, UK

    Mohamed A. Ramady

Authors
  1. Mohamed A. Ramady
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Ramady, M.A. (2018). Not Your Average National Oil Company. In: Saudi Aramco 2030. Springer, Cham. https://doi.org/10.1007/978-3-319-67750-7_2

Download citation

Publish with us

Policies and ethics

Search

Navigation