Study of the Saudi Aramco Value Chain - 4828 Words

Study of the Saudi Aramco Value Chain Study of the Saudi Aramco Value Chain October 2010 Company overview: The Saudi Arabian Oil Company (Saudi Aramco) is a government-owned entity (since 1988 fully government-owned) and the world’s largest oil company in terms of output and managed natural crude oil resources. The company specializes in the exploration, production and distribution of crude oil, petrochemicals and natural gas. Saudi Aramco was established 1933 when Saudi Arabia signed a concession agreement with Standard Oil of California to explore for oil in the country. The group has more than 55,000 employees, circa 500 of which are Canadians. The company is headquartered in Dhahran. Plants are established in Abqiq (near Jeddah),†¦show more content†¦(SASREF) Jubail (operational 2013) Yanbu (operational 2014) Owner Saudi Aramco Saudi Aramco Saudi Aramco Saudi Aramco Saudi Aramco/Sumitomo Saudi Aramco/ExxonMobil Saudi Aramco/Shell Saudi Aramco/Total Saudi Aramco/TBD Capacity 550,000 bpd 235,000 bpd 120,000 bpd 88000 bpd 400,000 bpd 400,000 bpd 305,000 bpd 400,000 bpd 400,000 bpd Table 2: Saudi Aramco’s refineries in Saudi Arabia; Source: Saudi Aramco The total production capacity of today is 12 million barrels of crude oil per day. The maximum storage capacity is 200 million barrels of refrigerated liquefied petroleum gas (RLPG) and natural gas compensate per year. Domestic refining capacity in solely-owned refineries is 993,000 bpd and 1.105 million bpd in domestic joint ventures. Internationally, the refining capacity lies at 2.060 million bpd which results in a total of 4.158 million bpd for Saudi Aramco. Normal customer demand is being supplied, while maintaining 1.5 to 2 million bpd of valuable spare capacity to meet unexpected international demands. The table below shows the output of refined products for each of the large refineries for 2009. Ras Tanura Yanbu Riyadh Jiddah Rabigh Total Domestic 4,518,209 2,826,423 1,958,408 784,203 10,087,243 11,523,28 3 (270,282) 4,139,878 15,392,87 9 40,074,111 14,154,987 11,367,206 5,027,137 70,623,441 4,823,198 (611,243) 3,528,426 (447,937) 7,292,444 68,819,048 30,792,369 19,332,153 10,486,640 129,430,210 37,970,859 30,618,059 40,451Show MoreRelatedStudy of the Saudi Aramco Value Chain4842 Words   |  20 PagesStudy of the Saudi Aramco Value Chain Study of the Saudi Aramco Value Chain October 2010 Company overview: The Saudi Arabian Oil Company (Saudi Aramco) is a government-owned entity (since 1988 fully government-owned) and the world’s largest oil company in terms of output and managed natural crude oil resources. 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