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Essay / Saudi Aramco - 1098
Saudi AramcoThe world's largest oil supplier is Saudi Aramco. It is the most profitable company in the world. Since it is the most powerful oil company, it has a great impact on the global economy. As a result, a strong international relationship was built with the Kingdom of Saudi Arabia. Furthermore, the strong development of international relations with other industrialized countries has resulted in massive contributions to politics, economics and many other aspects. In 1933, the Saudi government granted an oil concession to the California Arabian Standard Oil Company (Chevron). The main objective of this grant was oil exploration in the eastern region of the Kingdom of Saudi Arabia. After discovering a huge amount of oil, part of the grant was sold to other American oil companies to cooperate with each other to do more exploration and cope with such important work. In 1948, all these American companies were incorporated into the Arabian American Oil Company (Aramco) which shared 50% of its profits with the Saudi government. Additionally, the company's shares had been acquired by the Saudi government to obtain 100% ownership. In 1988, the name changed to Saudi Aramco. Saudi Aramoc's head office is located in Dhahran, a city in the eastern region of Saudi Arabia. Saudi Aramco produces 10 million barrels of oil every day. Saudi Aramco's history spans three major periods: oil exploration, interconnection with the United States, and contribution to many other universal events. Oil exploration: In 1923, the worst prediction in the history of oil, the Arabian Peninsula did not attract Britain to colonize this empty desert for the general director of the British Petroleum Company. Sir Arnold Wilson announced that the Arabian peninsula would not continue...... middle of newspaper...... it is the nightmare of the Arabs. In 1973, Saudi Arabia, Egypt and Syria decided to fight against Israel to avenge the Arab defeat of 1967. The plan was that Egypt and Syria would fight militarily while Saudi Arabia would use oil as armed. The result is that Saudi Arabia stopped supplying oil to the United States. It took time to resolve the conflicts. Eventually, the relationship was restored. It was hard to believe that such a desert has the largest oil reserves on the planet. Moreover, it was difficult to imagine that such a company would suffer from many universal worries and carry out essential tasks. Saudi Aramco established itself in the desert after the discovery of oil in Saudi Arabia. Forming an oil company, the United States and Saudi Arabia began a new relationship based on the interests of both countries. Therefore, Saudi Aramco has a magnificent emergence in the world.