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On 31 January 1944, the company name was changed from California-Arabian Standard Oil Co. to Arabian American Oil Co. (or Aramco). [21] In 1948, Standard Oil of New Jersey (later known as Exxon) purchased 30% and Socony Vacuum (later Mobil) purchased 10% of the company, with SoCal and Texaco retaining 30% each. [ 22 ]
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AOC Holdings owns several large companies like the Arabian Oil Company, Norske AEDC and AOC Egypt Petroleum Company that operate and manage oil and gas fields in different parts of the world and the Fuji Oil Company that owns the Sodegaura Refinery with a capacity of 192,000 bbl/d (30,500 m 3 /d). It is partially owned by Idemitsu Kosan [5]
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Petrosalam is a joint venture company between the Government of the Arab Republic of Egypt, the Egyptian General Petroleum Corporation (EGPC) and the Arabian Oil Company (AOC) for exploration, development and production of oil inside the Northwest October Development Lease.
The Arabian Gulf Oil Company (Agoco; Arabic: شركة الخليج العربي للنفط) is an oil company based in Benghazi, Libya, engaged in crude oil and natural gas exploration, production and refining. It was a subsidiary of the state-owned National Oil Corporation (NOC). [1] [2]
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The Japanese-owned Arabian Oil Company Ltd signed a concession agreement with the government of Saudi Arabia in December 1957 and with the government of Kuwait in July 1958 for exploration and development of hydrocarbon reserves in the offshore Neutral Zone. The Arabian Oil Company discovered the Khafji oil field in 1960 and the Hout oil field ...