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Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.
Steineke continued to work in Saudi Arabia during World War II. During that period CASOC's role was to produce oil for the allies, and protect the oil fields from enemy occupation. [3] He continued as Aramco's chief geologist until 1950, when his health began to deteriorate. [10] Steineke died in Los Altos, California, in April, 1952, at age 54.
He was appointed Chief Petroleum Engineer in 2004 and became Senior Vice President of Saudi Aramco's Upstream operations in 2008. [6] Nasser became acting President and CEO of Aramco in May 2015, and was made permanent in September 2015. [1] As CEO, he led the company's response to drone and missile attacks on its facilities in September 2019. [7]
In return, ARAMCO agreed to provide the Saudi Arabian government with large amounts of free kerosene and gasoline, and to pay higher payments than originally stipulated. Beginning in 1950, the Saudi Arabian government began a pattern of trying to increase government shares of revenue from oil production.
In 1984, he became Aramco's vice president of government affairs and then promoted to senior vice president of industrial relations in 1988. That same year the company's name was changed to Saudi Arabian Oil Company (or, Saudi Aramco) to reflect a formal shift in management and operation's control of the company to the Saudi government. In 1991 ...
Saudi Aramco CEO says it’s time to abandon the ‘fantasy’ of phasing out oil because the $9.5 trillion energy transition is on a ‘road to nowhere’ Eleanor Pringle March 19, 2024 at 7:38 AM
(Saudi energy minister Prince Abdulaziz bin Salman is MBS’s half-brother.) Aramco’s 2019 IPO was the biggest in history, raising nearly $30 billion, but the company floated only 1.7% of its ...
After the men discovered Saudi Arabia's vast fields of oil Barger began a career with Aramco that would last 32 years. He started as a surveyor and geologist then worked as the director of Local Government Relations, was the company representative to the Saudi government and was the manager for Concession Affairs.