Recently World Oil published a potted history of Aramco from one oil well to world’s most valuable company which is quite an interesting read.
Saudi Arabia’s state oil producer is in a league of its own. The world’s most valuable company, which supplies about one in every nine barrels of crude produced and runs refineries from the U.S. Gulf coast to the South China Sea, is preparing for an initial public offering to raise about $100 billion as soon as 2017.
One barrel in every nine – that’s an amazing statistic.
As I’ve mentioned before, I’ve worked on many projects for Aramco – in fact I’m currently working on the pre-FEED phase of my tenth Aramco job. I’ve also had the opportunity to travel to Saudi Arabia on several occasions.