Entity: SAUDI-ARAMCO
Saudi Aramco, officially known as the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company and the national oil company of Saudi Arabia. It produces various petroleum products and is a key player in the global energy market.
SAUDI-ARAMCO
Etymology
Saudi Aramco, originally known as the Arabian American Oil Company, was established through a partnership between American and British oil companies.
Definition
Saudi Aramco, officially the Saudi Arabian Oil Company, is a major state-owned petroleum and natural gas company in Saudi Arabia, playing a crucial role in the global energy market.
Historical Context
Founded in the early 20th century, Saudi Aramco has evolved from an oil-producing and exporting company to an integrated petroleum enterprise. It was nationalized in the late 1970s, becoming the national oil company of Saudi Arabia.
Cultural Significance
Saudi Aramco's operations and financials have been of significant interest globally due to its dominance in the energy sector and its impact on the global economy.
Related Concepts
Saudi Aramco is closely associated with the oil industry, energy markets, and global economic trends.
See Also
A leading state-owned petroleum and natural gas company in Saudi Arabia, playing a significant role in the global energy sector.