Facts - Saudi Aramco Oil Operations

Facts - Saudi Aramco Oil Operations

Saudi Arabia's oil production, export and production have been disrupted after two major Aramco oil plants were attacked by drones, one of which is the world's largest crude refinery.

Two well-informed sources said the attack affected the production of five million barrels per day of oil, which is close to half of the kingdom's production and accounts for about five percent of the world's oil supply.

The attack, which targeted Baqiq and Khreis before dawn, caused a number of fires, but the kingdom later said it had been able to control it.

State television said exports were continuing. Aramco has not yet commented. Saudi authorities did not say whether production or export was affected by the attack.

The following are facts about the company, which is confidential, including details published this year about its financial situation and operations.

* Oil reserves

Aramco, the world's largest oil company, had 260.2 billion barrels of oil equivalent in 2017, larger than ExxonMobil, Chevron, Royal Dutch Shell, BP and Total, which are estimated to be 54 years old.

* Oil production

The company produced 10.3 million barrels per day of oil last year, taking advantage of the world's lowest cost of crude production of $2.8 million per barrel, according to company documents. It also produced 1.1 million barrels of natural gas liquids and 8.9 billion standard cubic feet of natural gas per day.

* Oil exports

Aramco exported nearly three-quarters of its crude exports last year to buyers in Asia, where it believes demand will increase faster than any other region in the world. Aramco's customers include China, India, South Korea, Japan and Taiwan. Its shipments to North America reached more than 1 million barrels per day last year and 864,000 barrels per day to Europe.

* Oil refining

Aramco has oil production, refining and export operations in Saudi Arabia but has refining operations around the world. Motiva Enterprises, a subsidiary of Aramco in the United States, owns the 607,000-barrel-per-day Fort Arthur plant in Texas, the largest in the United States, and in 2017 announced plans to invest $18 billion in its operations in the Americas in 2017. Five years.

Aramco is also expanding its capacity to refine and sell crude on the Asian continent, particularly in fast-growing countries such as China and India. Last year, the company's net refining capacity was 3.1 million barrels per day.

* Widespread

With a staff of 76,000 in 2018, Aramco has energy production operations, research facilities and offices across the world, including Asia, Europe and the Americas. The company has offices in Beijing, New Delhi, Singapore, New York, London, Houston and other regions.


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