Blog

Who controls Saudi Aramco?

Who controls Saudi Aramco?

Saudi Aramco’s IPO 6 Limiting ownership allows Saudi Arabia to remain in control of the company as proceeds from the offering are central to a plan by the Saudis to diversify the oil giant.

Who owns the majority of Saudi Aramco?

The Saudi government owns more than 98% of Aramco’s shares.

Who owns Motiva Enterprises?

Saudi Aramco
Shell Oil CompanySaudi Refining, Inc.
Motiva Enterprises/Parent organizations
2020 Financials The company’s 2,500 U.S. employees are dedicated to delivering excellence and having fun making a difference. Motiva is wholly owned by Saudi Aramco.

Who is the owner of Saudi Airlines?

Government of Saudi Arabia
Saudia

IATA ICAO Callsign SV SVA SAUDIA
Parent company Government of Saudi Arabia
Headquarters Jeddah, Saudi Arabia
Key people Saleh Aljasser (Chairman) Ibrahim Alomar (Director General) Ibrahim Alkoshy (CEO)
Website www.saudia.com

Who is the CEO of Aramco?

Amin H. Nasser (Sep 2015–)
Saudi Aramco/CEO

Amin H. Nasser is the president and chief executive officer of Saudi Aramco, the world’s leading integrated energy and chemicals enterprise, and the largest provider of crude oil to global markets.

Does Saudi Aramco own Motiva?

Motiva Enterprises, LLC, is an American company that operates as a fully-owned affiliate of Saudi Aramco. The company began as a 50–50 joint venture between Shell Oil Company (the wholly owned American subsidiary of Royal Dutch Shell) and Saudi Aramco (which had previously partened with Texaco) in 1997.

Who owns the Port Arthur refinery?

Aramco took full ownership of Motiva and its Port Arthur refinery in 2017 from its joint-venture partner Royal Dutch Shell PLC. The $6.6 billion expansion would build two new petrochemical plants in addition to its existing 630,000-barrels-a-day Port Arthur refinery.

Who is the CEO of Saudi Airlines?

Jaan Albrecht (Jan 2017–)
Saudia/CEO
Saudi Arabian Airlines announced the appointment of Mr. Jaan Albrecht as the Chief Executive Officer of Saudia Air Transport Company (Saudia). Mr.

When was Saudi Airlines founded?

September 1945, Riyadh, Saudi Arabia
Saudia/Founded

Is Saudi Aramco the biggest company in the world?

Saudi Aramco becomes world’s most valuable company at $1.9 trillion. Saudi Aramco became the world’s most valuable listed company at $1.9 trillion, nearly $700 billion more than Apple, after its shares jumped 10% on their trading debut on Wednesday.

What is the salary of Amin H Nasser?

Chief Executive Officer Amin Nasser collected no more than a $5 million package in 2016 as the company began preparing its protracted initial public offering, people familiar with the matter said.

Who owns Motiva in Port Arthur?

Aramco
Aramco took full ownership of Motiva and its Port Arthur refinery in 2017 from its joint-venture partner Royal Dutch Shell PLC. The $6.6 billion expansion would build two new petrochemical plants in addition to its existing 630,000-barrels-a-day Port Arthur refinery.

Where is the Saudi Aramco oil field located?

FILE – In this June 28, 2021 file photo, a Saudi Aramco engineer monitors the central control room of the Khurais oil field, 150 kilometers east-northeast of Riyadh, Saudi Arabia.

When did Saudi Aramco change its name from Standard Oil?

On 31 January 1944 the company name was changed from California-Arabian Standard Oil Co. to Arabian American Oil Co. (or Aramco). 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.

Why was Saudi Aramco important to the Gulf War?

In Sept. 1990, after the start of the Gulf War, Aramco was expected to replace much of the oil production removed from the global market due to the embargo of Iraq and occupied Kuwait. This amounted to producing an extra 4.8 million barrels per day (Mbpd) to keep the global oil market stable.

What was the cyber attack on Saudi Aramco?

Aramco has been targeted before by a cyberattack. In 2012, the kingdom’s oil giant found itself hit by the so-called Shamoon computer virus, which deleted hard drives and then displayed a picture of a burning American flag on computer screens. The attack forced Aramco to shut down its network and destroy over 30,000 computers.

Share this post