Talk:Saudi Aramco

From Wikipedia, the free encyclopedia

Saudi Arabia Portal
This article is part of WikiProject Saudi Arabia, an attempt to better organize information in articles related to Saudi Arabia. If you would like to participate, you can edit the article attached to this page, or visit the project page, where you can join the project and/or contribute to the discussion.
B This article has been rated as B-Class on the quality scale.
(If you rated the article please give a short summary at comments to explain the ratings and/or to identify the strengths and weaknesses.)
Top This article has been rated as Top-importance on the importance scale.
WikiProject Energy
Energy Portal
This article is within the scope of WikiProject Energy, which collaborates on articles related to energy.
B This article has been rated as B-Class on the assessment scale.
Top This article is on a subject of top importance within energy.

This article has been rated but has no comments. If appropriate, please review the article and leave comments here to identify the strengths and weaknesses of the article and what work it will need.
Information from Saudi Aramco (or a previous version of it) is being actively used in the pool of 'Did you know?' facts on the Energy Portal.

Contents

[edit] This article reads like a corporate presentation

This article looks like a one-sided corporate presentation.

To add, I was under the impression that Venezuela with the Orinoco Tar sands and it's several basins has the biggest proven reserves of oil in the world (so, why saying Saudi Aramco has them?).DamianFinol 03:54, 12 June 2006 (UTC)


No one can prove the biggest reserves in the world. There are max and mins. The estimates for canada range from 6 gigas to 180 gigabarrels. Estimated values prove that Saudi Arabia has the most oil, therefore Saudi Aramco.

[edit] xxxx

"Standard Oil of California passed this concession to an affiliate called Standard Oil of California"? What?--Jerryseinfeld 20:21, 19 Mar 2005 (UTC)

Hmmm, I didn't notice that. The chronology supplies the answer, though, and I've made the change. Mel Etitis (Μελ Ετητης) 21:22, 19 Mar 2005 (UTC)

[edit] History

According to Chevron, "Socal began [in June 1932] a year-long series of negotiations with the Saudi government, before the two sides signed a concession agreement providing the company with exploration rights for the next 60 years over an area of about 360,000 square miles. In November 1932, the company assigned the concession to its newly formed subsidiary, California Arabian Standard Oil Company (Casoc), later to become Arabian American Oil Company, or Aramco."

This does not agree with the summarized history in the article, in which the company is said to be assigned the concession in 1933.Eagle 21:59, Mar 29, 2005 (UTC)

[edit] Investment

It is mentioned about Aramco investing 465 billion ? is there a source for this it sounds extreme.

[edit] INvestment

I posted the comment about verifying the 487.5 billion plans I would like to say I am correcting it. It is not so much its 487.5 billion Saudi Riyals (130 billion USD) not 487.5 billion(USD)

http://www.adipec.com/index.cfm?fuseaction=News.Newsmain&newsId=274

[edit] Just a new timeline information

I have just added new details the TimeLine.

"2006 Saudi Aramco and Sumitomo Chemical broke ground on PETRORabigh, an integrated refining/petrochemical project. Haradh III was completed, yielding 300,000 bpd of oil. Accords were signed for two export refineries -- Jubail (with Total) and in Yanbu' (with Conoco-Phillips)."

Reference: http://www.saudiaramco.com/irj/portal/anonymous

[edit] Apparent vandalism

I took the liberty of deleting the following passage from the the lead sentence of this article: "is owned by M3T@. This communist leader told all the women to take their clothes off. But when they over took his regime, they tore Met@'s clothes off and raped him till he bled to death. This brings attention to Aramco. Its", since it appeared to have been inserted as a joke; or at best it is unverifiable and unattributed. tomrue 11:34, 8 August 2007 (UTC)

[edit] Clarify please

The article ExxonMobil has made the claim of world's largest corporate oil company in terms of boe production. And specs to compare from Saudi Aramco?--Zereshk 09:23, 4 September 2007 (UTC)

[edit] {{expert}}

I added the tag because I think the amount of gas reserves is extremely dubious, probably shifted 3 orders of magnitude in the reference itself. If someone knows any better feel free to correct it. 24.174.6.73 (talk) 02:51, 7 March 2008 (UTC)


[edit] Revenue or Market Cap?

I followed the link (number [1] in the article) to verify the claim made as to the firm's revenue; the linked article reads:

"The FT's Non-Public 150 – the first comprehensive study of the world's largest unlisted companies – found that Saudi Aramco, the state company in charge of the country's vast oil reserves, is worth an estimated $781bn, dwarfing the $454bn market capitalisation of its rival Exxon (NYSE:XOM) Mobil."

So the $781bn appears to be an estimated market cap, not a report of the company's revenue. —Preceding unsigned comment added by 68.187.69.225 (talk) 19:53, 26 April 2008 (UTC)

Revenue (2006): $168 billion USD: Saudi Aramco Company Profile - Yahoo! Finance -- 87.185.171.164 (talk) 21:11, 27 April 2008 (UTC)