...The Saudi Arabian Oil Company (Saudi Aramco) is the world's leading oil producing and exporting company. It is a fully-integrated, global petroleum enterprise that manages the world's largest oil reserves – about 260 billion barrels – and also manages the world's fourth largest natural gas reserves. Saudi Aramco is a fully integrated global petroleum enterprise headquartered in Dhahran, Saudi Arabia, participating in exploration & producing, refining, distribution, shipping, and marketing. With around 54,000 employees globally, representing 56 nationalities, the company is 100% owned by Saudi Arabian Government. Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Egypt, Greece, Japan, Netherlands, Philippines, Republic of Korea, Singapore, United Arab Emirates and the United States.Saudi Petroleum Overseas, Ltd is based in London and provides marketing and ocean transport support services. A subsidiary of Saudi Aramco owns a fleet of oil tankers to transport crude oil to key customers. Saudi Aramco, through subsidiaries, also invests in refineries and distribution networks around the globe. In addition to its headquarters in Saudi Arabia's Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Egypt, Japan, the Netherlands, Philippines, Republic of Korea, Singapore, United Arab Emirates, United Kingdom and the United States. In 2008, Saudi Aramco is celebrating its 75th anniversary...
Words: 439 - Pages: 2
...into national champions. As a result the Russian state controls the commanding heights of the economy through share ownership by holding huge chunks of the shares of the country’s biggest and most strategic companies. The result is a highly unusual form of capitalism, dominated by a handful of gigantic firms and controlled by a clique of security officials. Middle Eastern monarchs have been using oil to keep themselves in funds for decades. But these days some of them are taking a remarkably sophisticated approach to managing their economies, embracing professional management. The al-Maktoums, who rule Dubai, created Dubai World, a huge state-owned holding company, to run their projects. The Saudis have handed the day-to-day management of their biggest companies, Saudi Aramco and Saudi Basic Industries, to professional managers. The petro-royals have also become enthusiastic practitioners of state-sponsored modernisation. The al-Maktoums have been trendsetters because they never had much oil to begin with. It now accounts for under 5%...
Words: 541 - Pages: 3
...INTERNATIONAL BUSINESS SAUDI ARAMCO Question 1 - Brief History of the Company Saudi Aramco officially known as the Saudi Arabian Oil Company is a fully integrated, global petroleum and chemicals enterprise oil company based in Dhahran, Saudi Arabia which is owned by the Kingdom of Saudi Arabia. The company originally known as the Standard Oil Company of California had reached a concession agreement to search for oil in Saudi Arabia during the early 1930’s. This concession would be assigned to a separate wholly owned subsidiary known as the California-Arabian Standard Oil Co. also known as CASOC. After a period of time, having found no success in locating oil, the company was joined by the Texas Oil Company in 1936. Failed explorations for locating oil was suffered by the company for a time but four years later, the company had at last met with success, managing to find oil via its seventh drill site located in Damman. The company would later on continue to change its name from the previous California-Arabian Standard Oil Co. (CASCO) to the Arabian American Company Oil Company on the 31st of January 1944. The company then continued to prosper throughout the years, attracting many investors such as the Standard Oil of New Jersey and Socony Vacuum. In 1973, the Saudi Arabian government managed to acquire a 25% stake of the company due to US support for Israel during the Yom Kippur War whereby in 1974, it managed to acquire more shareholdings by a further 60% and alas...
Words: 396 - Pages: 2
...Introduction to Sociology-Socio-Autobiography | Floating in a Sea of Cultures | Sarah Hazim Abass | | 31344 | March 22, 2013 | There are certain instances where some individuals believe where they are from properly defines who they are. Each time I am asked, 'where are you from?' I find myself struggling with a response. The short answer would be I am from Iraq and America; however, that is not entirely true. Responding Iraqi/American makes me feel as if I'm selling out my true identity. My Father is Iraqi while my mother is Iraqi with Kurdish, Spanish, and Turkish roots. My identity does not stop there; I was born in Duncan, Oklahoma and moved to Caracas, Venezuela at the age of seven, then moved to Dhahran, Saudi Arabia at the age of 12, and finally moved to the United Arab Emirates at the age of 19. Although I would be classified as a nomad child, this aspect has allowed me to learn about and understand other cultures without assuming my culture is considered normal and superior to others, otherwise known as ethnocentrism. Though now I feel I am able to view other individuals' culture in respect to their own culture, also known as being a culture relativist, I experienced a sense of confusion and anxiety when moving from one culture to another, otherwise known as culture shock. Moving from Duncan to Caracas was my first culture shock. Duncan is a small town where neighbors greet one another as they walk out of their homes to collect the mail or as they rake...
Words: 1613 - Pages: 7
...The Saudi Arabian Oil Company (Saudi Aramco) is the world's leading oil producing and exporting company. It is a fully-integrated, global petroleum enterprise that manages the world's largest oil reserves – about 260 billion barrels – and also manages the world's fourth largest natural gas reserves. Saudi Aramco is a fully integrated global petroleum enterprise headquartered in Dhahran, Saudi Arabia, participating in exploration & producing, refining, distribution, shipping, and marketing. With around 54,000 employees globally, representing 56 nationalities, the company is 100% owned by Saudi Arabian Government. Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Egypt, Greece, Japan, Netherlands, Philippines, Republic of Korea, Singapore, United Arab Emirates and the United States.Saudi Petroleum Overseas, Ltd is based in London and provides marketing and ocean transport support services. A subsidiary of Saudi Aramco owns a fleet of oil tankers to transport crude oil to key customers. Saudi Aramco, through subsidiaries, also invests in refineries and distribution networks around the globe. In addition to its headquarters in Saudi Arabia's Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Egypt, Japan, the Netherlands, Philippines, Republic of Korea, Singapore, United Arab Emirates, United Kingdom and the United States. In 2008, Saudi Aramco is celebrating its 75th anniversary...
Words: 289 - Pages: 2
...The Impact of multinational companies A case study of the energy industry in Saudi Arabia Abstract Contents 1. Introduction 4 1.1. Rationale of the Research 6 1.2. Aims & Objectives of the Research 7 1.3. Key Research Questions 7 2. Literature Review 9 3. Research Methodology 13 4. Key Findings & Discussion 13 5. Conclusion 16 6. References 16 7. Appendices 16 1. Introduction In this era of globalization, there has been a fundamental change in the way international business is being done. Due to the ease of communication and advances in the sophisticated communication systems more and more companies are becoming global and expanding their operations and creating production facilities away from their home countries. This trend has given rise to today’s Multinational Corporations (MNCs) whose role in the international scene is increasing rapidly. With increased international development and cooperation, the MNCs have been able to create such a network that their budgets, organizational structure and influence on the world trade stage rivals many nations [ (UN Conference Proceedings, 2006) ]. With their immense economic power and strong political connections and the fact that globalization is seen as a “Business driving phenomenon”, MNCs are in a strong position to influence the economies of the countries...
Words: 3164 - Pages: 13
...Saudi Cement Company: “Survival is the name of the game in a very competitive industry” Dr. Salem M. AL-Ghamdi King Fahd University of petroleum and minerals Dhahran, Saudi Arabia Abstract This is a case study on a Saudi Arabian company known in the cement industry. Saudi Cement Company (SCC) is a Saudi joint company established in 1955. The company is listed in the Saudi stock market. The information was collected through a structured questionnaire and from secondary data. The case write-up fits a case study in a strategic management undergraduate and graduate course. Information was organized to provide insights on how the company evolves overtime with an emphasis on strategic issues such as vision and mission, internal analysis via company’s current operation, External analysis using Porter five force model and major strategic issues Keywords: Strategy and policy, Saudi cement industry, Porter five force model, vision and mission, SWOT analysis. COMPANY BACKGROUND Saudi Cement Company (SCC) is a Saudi Joint Company established in 1955. The principal object of the company is to produce cement and cement products and to invest in the cement fields. SCC operates two cement plants in the Hofuf Plant and Ain Dar Plant in the Eastern Province of Saudi Arabia, located about 36 km apart and are both at an approximately equal distance of around 120-130km from King Abdulaziz Port at Dammam. Below is a brief history of the Company: ...
Words: 4930 - Pages: 20
...Issues Facing Saudi Arabia Saudi Arabia is a developing country in the Arabian Gulf region that has been growing dramatically over the past two decades. Saudi Arabia's 2011 population has grown tremendously and is estimated to now be about 26.1 million, including about 5.6 million resident foreigners. Until the 1960s, most of the population was nomadic or semi-nomadic but now due to rapid economic and urban growth, more than 95% of the population is settled now. Out of that 26 million people in Saudi Arabia, is has been found that the annual per capita income is anywhere from $11,500 to 24,500. This sounds kind of ridiculous because the country is known to the world to be oil rich. At first glance, one would view economic statistical indicators and convey the fact Saudi Arabia is a developed nation. However, close analysis of political and social statistical indicators would suggest that their standard of living and individual freedoms are severely suppressed. Believe it or not, this 'developed' nation has abnormalities in its statistical indicators which are similar to those that characterize third world nations. As a person who was born into this culture and is originally of Saudi Arabian descent, I find these statistics hard to believe. During my time there I never witnessed despair or poverty. These indicators and information is why I chose to research this topic and see for myself what this once wealthy nation is in fact doing now. Economic Success Saudi Arabia was...
Words: 4068 - Pages: 17
...CEPCO (Civil and Electrical Projects COntracting) is a leading construction company with corporate headquarters in Jeddah, Saudi Arabia, and offices throughout Saudi Arabia and the Middle East. CEPCO has been in business since 1977 and provides construction services in the fields of Civil & Infrastructure, Electrical, Electromechanical, Oil, Gas & Power. CEPCO executes projects for civil and electrical projects in Saudi Arabia and in GCC countries, especially in the field of 69 up to 380 kV Cable Systems, Delivery, Installation and Testing of 110 kV Transformers and Substation Construction. They are qualified Turnkey-General Contractors with Saudi Electricity Company – Western, Eastern, Southern and Central Regions. CEPCO has executed a number of projects and had a turnover in excess of $150 million in 2007, and $500 million until end of 2008. In addition to construction services, CEPCO is an authorized agent for world class manufacturers and provides related support and field services. As a privately owned company, CEPCO's current strategy is to enhance its growth by building the company's resources and depth of services provided. Contents [hide] 1 Project fields 1.1 Civil and Infrastructure 1.2 Electrical 1.3 Electromechanical 1.4 Oil, Gas and Power 2 Trade 2.1 Authorized agents 2.2 Associates/Partners 3 References Project fields[edit] Civil and Infrastructure[edit] Specialized for turn-key contracts for water distribution, rainwater evacuation schemes...
Words: 642 - Pages: 3
...power. Even the United States, a nation with a long tradition opposing government participation in business, had considered buying part of the Saudi Arabian concession, developed originally by Chevron and Texaco, to guarantee access to strategic supplies of foreign oil. In the end, tradition and company preferences prevailed, and it was Exxon and Mobil rather than the US government which joined Chevron and Texaco to form Aramco after the war. Other countries, with fewer inhibitions about state participation in strategic industries, had long been involved in securing oil supplies for their strategic and economic needs. These states saw control of foreign oil as integral to their international power and prestige. Their activities, especially in the Middle East, also helped to bring down the old oil regime. Serpents in Eden Economic theory tells us that an industry where firms make huge profits soon attracts new firms whose competitive behavior reduces profits for all. This is exactly what happened in the international oil industry. The success of even imperfect cartel arrangements made oil vastly profitable and oil companies among the world's largest and richest firms. As a result, the seven oil majors were increasingly faced with competition from small private firms like Occidental and Getty. These independents were politically active and willing to do whatever was necessary to protect their interests. For example, when NIOC was reorganized, a group of US independents ...
Words: 777 - Pages: 4
... * Developing long-term relationships with vendors and clients to minimize the operational costs gaining competitive advantage. * Continuity of development and improvement in quality of products through R&D operations and applications by the best international standards. * Reducing costs to enhance competitiveness among the competitors. * Long-term investment by increasing the efficiency and capability to work of Saudi manpower which reflects positively on company’s performance. * Expansion in the variety of SIPCHEM products via investments in downstream projects and other projects associated with the industry. The main strategy of SIPCHEM is focusing on enhancing core competence, building new capability and extending geographically while maintaining the quality and efficiency in production. SIPCHEM analyzes available investment opportunities in order to maximize profit of the company. Expanding globally is one of the most important strategies for the company by building new factories and distributing channel. Saudi international petrochemical company has four projects under construction to implement their strategies. The projects are (International Polymers Company (IPC), Gulf Advanced Cable Insulation Company...
Words: 421 - Pages: 2
...Lost and Found Policy and Procedures A. All Lost and Found receipt will be handled by Operations Supervisor assigned in the Site. B. Item(s) Found of Value, including Cash *Items including, but not limited to: • Backpacks • Cell Phones/Chargers • Computers/Laptops/Ipods • jewelry/watches • Personal identification (including driver’s license, passport, credit cards, Aramco ID, Iqama etc.) • Keys • Umbrellas • Wallets and Purses C. The Process: * If a passenger found an item(s), should immediately hand over to the driver or operations inspector then complete a Lost & Found Card, by: * Inspecting the item(s) in the presence of the person handing in the property, specifically itemizing all contents including money, credit cards, or other valuables. * Attaching a completed Lost & Found Card to the item and recording the Lost & Found Card numbers and details in the Lost & Found Logbook: * The operations supervisor receives will organize the item(s) in the Lost & Found Lock Box and Log the item/s in the Logbook, (typically in a manila envelope); make sure that the item has the Lost & Found Card attach to it. * If owner identification (name, phone number, etc.) is available from the found property, record the owner information in the Lost & Found Logbook. * The Operations Supervisor will write the owner in formal letter and record the communication attempts in the Lost & Found Logbook. * Operations Supervisor will organize the...
Words: 555 - Pages: 3
...especially this market includes many big corporations such as Technip, Samsung, Hyundai, Bechtel, SK… Although financial crisis happened in 2008 but the owner of oil refinery plants in the Middle East still invested billions of dollars in upgrade, innovation, new plants construction. To realize that Lilama is the partner who has reality qualification, professional project management according to international standard, thus, in 2009, on the occasion of official visit of the Prime Minister in the Middle East countries, Lilama signed the cooperation agreement with Technip (French Contractor) in the Middle East market when Technip has contract. In October, 2009, Technip won 02 EPC contract belong to Jubail Oil Refinery Project in Saudi Arabia due to Saudi Aramco is the owner. In order to turn the cooperation agreement into the truth, Technip invited Lilama for participate in fabrication and equipment installation of the...
Words: 871 - Pages: 4
...richest regions in Oil, the Middle East, Europe and Eurasia are richest in gas, and North America, Pacific, Europe and Eurasia are richest in coal. Oil is one of the biggest and most widely used fuels for generation of secondary energy (energy produced usually by combusting fossil fuels), the Middle East, OPEC, the oil cartel, has a very key role in determining price by managing supply in its member countries – this has led to price shocks in the past, as well as periods of very low prices. It controls 2/3rds of world’s oil reserves, making it a very powerful player. This abundance of resources, such as 22% of the Earth’s oil reserves being in Saudi Arabia means that they are major players who are very much in control geopolitically as they control access to these resources and are able to dictate cost and supply. Russia is second to Saudi Arabia in terms of oil production, producing just below 12% of the world’s total oil. This is an example of a cartel (OPEC) whereby individual companies for resource production group together in one organisation and therefore hold a great deal of influence and importance in the global energy market and global energy supply. Furthermore they are possibly one of the most important players in the energy market as they are able to dictate who they supply too. TNCs are responsible for exploration, and production...
Words: 908 - Pages: 4
...Gas Worlwide Environmet Economic Environmet. Macroeconomics. Dña. Susana Garcia Andión Dña. Iria Regueiro Espiñeira D. Ernesto Rodríguez Cuervo D. Cesar González Soto D. Damián Rodriguez Estévez 2012 GAS WORLWIDE ENVIRONMET 10/02/2012 INDEX. 1. Introduction. 2 2. Major world producers, exporters, importers and reserve holders. 3 * Producing Countries. * Exporting Countries. * Proved Reserves. * Importing Countries. 3. Leading players at “gas game”. 6 * Russia. * Qatar. * Saudi Arabia. * USA. * Turkmenistan. * China. * Canada. * Spain. 4. Largest companies. 8 * National Iranian Oil. * Saudi Arabian Oil. * Qatar General Petroleum Corporation. * Iraq National Oil Company. * Petroleos de Venezuela SA. * Gazprom Group. 5. Main pipelines. 11 6. Conclusion. 12 BIBLIOGRAPHY. 14 1. INTRODUCTION. Petrol is currently the “star” resource when analyzing world energy resources according to their relative weigh and its price’s impact on world economy. On the other hand, renewable energies tend to focus attention when innovation or sustainability is the main analysis factor. Maybe because these are most common approaches, we have consider that focusing on gas might be a pretty original one, once it was...
Words: 3584 - Pages: 15
