Saudi Aramco reaches 12 million bpd in maximum sustainable oil production capacity after the startups of the Khurais and Nuayyin increments, and Shaybah expansion project. Khurais alone adds 1.2 million bpd to production capacity and is the biggest integrated upstream project in the history of the company and the entire oil industry.
Saudi Aramco celebrates its 75th Anniversary and, as a gift to the people of Saudi Arabia, launches a project to build the King Abdulaziz Center for World Culture in Dhahran.
Saudi Aramco begins a program to build a world-class graduate research university, the King Abdullah University of Science and Technology, in Thuwal near Rabigh on the Red Sea coast.
The Haradh III Crude Oil Increment comes on stream with a capacity of 300,000 bpd.
Saudi Aramco and Sumitomo Chemical Co., Ltd. Of Japan sign a joint-venture agreement to develop a large, integrated refinery and petrochemical complex in Rabigh.
Qatif Producing Plants begins operations with a crude oil production capacity of 800,000 bpd.
Haradh Gas Plant, able to process up to 1.6 billion scfd of non-associated gas, is completed two and half months ahead of schedule.
Hawiyah Gas Plant, capable of processing up to 1.6 billion standard cubic feet (scfd) of non-associated gas, comes on stream.
Aramco Gulf Operations Company Limited (AGOC) is established to assume management of the government's oil interest in the offshore Neutral Zone between Saudi Arabia and Kuwait.
Saudi Aramco, Texaco, and Shell establish Motiva Enterprises LLC., superseding Star
The Shaybah oil field in the Rub' al-Khali desert, one of the largest projects of its kind in the world, goes on stream. The Dhahran-Riyadh-Qasim multiproduct pipeline and the Ras Tanura Upgrade project are completed.
Company assumes controlling interest in two Jiddah-based lubricants companies, now known as Saudi Aramco Lubricating Oil Refining Company (Luberef) and Saudi Arabian Lubricating Oil Company (Petrolube).
Company completes program to build 15 very large crude carriers. Saudi Aramco president and CEO Ali I. Al-Naimi is named Kingdom's Minister of Petroleum and Mineral Resources.
Maximum sustainable crude-oil production capacity is returned to 10 million bpd.
Saudi Aramco takes charge of Kingdom's domestic refining, marketing, distribution and joint-venture refining interests.
Company plays a major role in combating the Gulf oil spill.
High-quality oil and gas are discovered south of Riyadh, the first find outside the company's original operating area. Saudi Aramco and Texaco launch the Star Enterprise refining and marketing joint venture in the United States.
Saudi Arabian Oil Company, or Saudi Aramco, is established.
East-West Crude Oil Pipeline expansion is completed, boosting capacity to 3.2 million bpd.
Company acquires its first four supertankers.
The Exploration and Petroleum Engineering Center (EXPEC) opens in Dhahran.
The East-West NGL Pipeline links the Eastern Province with Yanbu', on the Red Sea.
Saudi Arabian government acquires 100 percent participation interest in Aramco, purchasing almost all of the company's assets.
Master Gas System project is launched.
Saudi Arabian government acquires a 25 percent participation interest in Aramco.
Tankers begin calling at "Sea Island," new offshore crude oil loading platform off Ras Tanura.
Liquefied petroleum gas (LPG) – propane and butane – is first processed at Ras Tanura and then shipped to customers.
Aramco confirms scale of Ghawar and Safaniya, world's largest oil field and largest offshore field, respectively.
Safaniya field, the world's largest offshore oil field, is discovered.
1,700-kilometer Trans-Arabian Pipe Line (TAPLINE) is completed, linking Eastern Province oil fields to Lebanon and the Mediterranean.
Standard Oil of New Jersey and Socony-Vacuum Oil (both now ExxonMobil) join SOCAL and Texaco as owners of Aramco.
Ras Tanura Refinery begins operations.
CASOC changes its name to Arabian American Oil Company (Aramco).
First tanker load of petroleum is exported.
Texas Company (later Texaco) acquires 50 percent interest in SOCAL's concession.
Saudi Arabia grants oil concession to Standard Oil of California (SOCAL, now Chevron). Oil prospecting begins on Kingdom's east coast. SOCAL creates a subsidiary, California Arabian Standard Oil Co. (CASOC), to manage the concession.
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