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© 2010 Saudi Arabian Oil Co. (Saudi Aramco) www.saudiaramco.com

Saudi AramcoAt A Glance

Useful information on Saudi Aramco, its history, milestones, operations and projects.

At left, the Aries Star and other tankers owned by Saudi Aramco shipping subsidiary Vela International Marine Limited help transport Saudi oil to the world. Above is a service station in Fujian Province, China, selling Saudi Aramco-branded fuel.

© 2010 Saudi Arabian Oil Co. (Saudi Aramco)2

Our Story

The Saudi Arabian Oil Company (Saudi Aramco) is the state-owned oil company of the Kingdom of Saudi Arabia. It ranks first among oil companies worldwide in terms of crude oil production and exports, and natural gas liquids (NGL) exports, and is among the leading producers of natural gas. Saudi Arabia has stewardship over the world’s larg-est oil reserves — roughly one fifth of the global total — at nearly 260.1 billion barrels. Saudi Aram-co is a fully integrated oil company with operations in exploration, production, refining, marketing and international shipping.

Saudi Aramco employs more than 55,000 workers and is headquartered in Dhahran in the Eastern Province. Operations span the Kingdom, with pro-duction and product distribution facilities linking all market areas. Major export shipping terminals are located at ports on the Arabian Gulf and Red Sea,strategic refineries meet local demand for au-tomotive and aviation products.

Internationally, Saudi Aramco holds substantial joint venture and investment interests in refining and marketing activities in the United States, the Republic of Korea, Japan, and China. Key market service support offices are located in major cities in

North America, Europe and the Far East. A Saudi Aramco subsidiary operates a sizeable fleet of supertankers for exporting crude oil and product vessels serving all domestic customers.

Expansion of the company’s capability to discover, produce, process and transport natural gas is cur-rently a major emphasis for Saudi Aramco. Greater efforts in exploration for non-associated gas reserves, along with extensive projects to handle increased production, will meet growing domestic demand for natural gas to fuel industries. Provid-ing natural gas feedstock will serve such essential infrastructure needs as power generation and water desalination.

Having conducted operations for more than 75 years, the company’s importance among world oil producers has steadily risen. Today, it is positioned to build upon its prominence as a stable supplier of hydrocarbon resources. And by producing petro-chemical products, building export refineries and advancing the development of technologies that will result in cleaner fuels designed for the new generation of combustible engines, Saudi Aramco will continue the work of enhancing lives while safeguarding the planet we all share.

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Key Facts

Saudi Aramco…

• Afullyintegratedglobalpetroleumenterprisewithexploration,producing,refining,petro- chemicals, marketing, distribution and shipping• Theworld’slargestoilcompanybyproductionandreserves• Managesmorethan107oilandgasfieldsinSaudiArabia(asofyear-end2009)• World’slargestconventionalcrudeoilreserves:260.1billionbarrels(yearend2009)• Crudeoilproduction:2.9billionbarrels(2009)• Averagedailycrudeoilproduction:7.9millionbarrels(2009)• Crudeoilexports:2,888,082,578barrels(2009)• World’stopexporterofnaturalgasliquids(NGL)277,571,441barrels(2009)• World’sfourthlargestgasreserves:275.2trillioncubicfeet• Worldwiderefiningcapacityof4.15millionbarrelsperday(bpd),includingdomestic refineries, and domestic and international joint and equity ventures• Tankerfleetconsistingof22VLCCs(VeryLargeCrudeCarriers)andfourproducttankers•OwnedbytheSaudiArabiangovernment

Milestones

1933Saudi 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. (CA-SOC), to manage the concession.

1936Texas Company (later Texaco) acquires 50 percent interest in SOCAL’s concession.

1938Kingdom’s first commercial oil field discovered at Dhahran. Crude is exported by barge to Bahrain.

1939First tanker load of petroleum is exported.

1944CASOC changes its name to Arabian American Oil Company (Aramco).

1945Ras Tanura Refinery begins operations.

1948StandardOilofNewJerseyandSocony-VacuumOil(both now ExxonMobil) join SOCAL and Texaco as owners of Aramco.

19501,700-kilometer Trans-Arabian Pipe Line (TAPLINE) is completed, linking Eastern Province oil fields to Lebanon and the Mediterranean.

1951Safaniya field, the world’s largest offshore oil field, is discovered.

1956Aramco confirms scale of Ghawar and Safaniya, world’s largest oil field and largest offshore field, respectively.

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1961Liquefied petroleum gas (LPG) — propane and butane — is first processed at Ras Tanura and then shipped to customers.

1966Tankers begin calling at “Sea Island,” new offshore crude oil loading platform off Ras Tanura.

1973Saudi Arabian government acquires a 25 percent participation interest in Aramco.

1975Master Gas System project is launched.

1980Saudi Arabian government acquires 100 percent participation interest in Aramco, purchasing almost all of the company’s assets.

1981TheEast-WestNGLPipelinelinkstheEasternProv-ince with Yanbu’, on the Red Sea.

1982The Exploration and Petroleum Engineering Center (EXPEC) opens in Dhahran.

1984Company acquires its first four supertankers.

1987East-WestCrudeOilPipelineexpansioniscompleted, boosting capacity to 3.2 million bpd.

1988Saudi Arabian Oil Company, or Saudi Aramco, is established.

1989High-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.

1991Company plays a major role in combating the Gulf oil spill.

1993Saudi Aramco takes charge of Kingdom’s domestic refining, marketing, distribution and joint-venture refining interests.

1994Maximum sustainable crude-oil production capacity is returned to 10 million bpd.

1995Company completes program to build 15 very large crude carriers. Saudi Aramco president and CEO Ali I. Al-Naimi is named Kingdom’s Minister of Petro-leum and Mineral Resources.

Two oil tankers onload crude at Saudi Aramco’s Ras Tanura Terminal on the Arabian Gulf.

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1996Company assumes controlling interest in two Jiddah-based lubricants companies, now known as Saudi Aramco Lubricating Oil Refining Company (Luberef) and Saudi Arabian Lubricating Oil Com-pany (Petrolube).

1998Saudi Aramco, Texaco and Shell establish Motiva Enterprises LLC., superseding Star Enterprise.

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 mul-tiproduct pipeline and the Ras Tanura Upgrade project are completed.

2000Aramco Gulf Operations Company Limited (AGOC) is established to assume management of the gover-ment’s oil interest in the offshore Neutral Zone between Saudi Arabia and Kuwait.

2001Hawiyah Gas Plant, capable of processing up to 1.6 billion standard cubic feet per day (scfd) of non-associated gas, comes on stream.

2003Haradh Gas Plant, able to process up to 1.6 billion scfd of non-associated gas, is completed two and a half months ahead of schedule.

2004Qatif Producing Plants begins operations with a crudeoilproductioncapacityof800,000bpd.

2005Saudi Aramco and Sumitomo Chemical Co.,Ltd. of Japan sign a joint-venture agreement to develop a large, integrated refining and petrochemical com-plex in Rabigh. 2006The Haradh III Crude Oil Increment comes on-stream with a capacity of 300,000 bpd.

2007 Saudi Aramco begins a program to build a world-class graduate research university, the King Abdul-lah University of Science and Technology, in Thuwal near Rabigh on the Red Sea coast.

2008Saudi 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 WorldCultureinDhahran.

2009Saudi Aramco reaches 12 million bpd in maximum sustainable oil production capacity after the start-ups of the Khurais and Nuayyim increments, and Shaybah expansion project. Khurais alone adds 1.2 million bpd to production capacity and is the big-gest integrated upstream project in the history of the company and the entire oil industry.

Above are views of the King Abdullah University of Sci-ence and Technology, an innovative, world-class research institution inaugurated in 2009. The government tasked Saudi Aramco with developing the university.

Khalid G. Al-BuainainSeniorVP,Refining,Marketing

& International

David B. KultgenGeneral Counsel & Secretary

Amin H. NasserSeniorVP,Exploration

& Producing

AbdulLatif A. Al-OthmanSeniorVP,Finance

Abdulrahman F. Al-WuhaibSeniorVP,OperationsServices

Khalid A. Al-FalihPresident & CEO

Salim S. Al-AydhSeniorVP,Engineering& Project Management

Abdulaziz F. Al-KhayyalSeniorVP,IndustrialRelations

© 2010 Saudi Arabian Oil Co. (Saudi Aramco)6

Corporate ManagementSaudi Aramco reports to its owner, the Saudi Arabian Government, through the Supreme Council for Petroleum and Minerals Affairs, chaired by the Custodian of the Two Holy Mosques King ‘Abd Allah ibn ‘Abd al-’Aziz Al Sa’ud. The Supreme Council for Petroleum and Minerals Affairs sets the company’s broad-est policy and objectives. Its members are drawn from the government and the private sector.

To accomplish its mission, Saudi Aramco is organized into key business areas, each headed by a member of corporate management. Khalid A. Al-Falih was appointed president and chief executive officer, effec-tiveJanuary1,2009.

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Business Profile

Production from 1981 through 2009

Year Crude Oil (Barrels Per Day) NGL (Barrels Per Day)

2009 7,912,555 1,123,967

2008 8,924,143 1,089,920

2007 8,531,911 1,080,999

2006 8,912,173 1,093,239

2005 9,064,662 1,096,940

2004 8,610,580 1,058,140

2003 8,103,449 945,432

2002 6,792,323 868,324

2001 7,570,640 801,053

2000 7,800,073 778,710

1999 7,274,054 737,354

1998 8,006,241 764,830

1997 7,751,930 767,450

1996 7,864,830 756,150

1995 7,807,631 731,846

1994 7,833,280 687,925

1993 7,854,740 639,759

1992 8,156,570 622,060

1991 8,053,400 586,743

1990 6,257,560 533,229

1989 4,863,533 420,946

1988 4,928,100 416,213

1987 3,991,000 344,921

1986 4,689,800 304,178

1985 3,041,104 316,310

1984 3,922,079 355,069

1983 4,374,300 330,102

1982 6,327,220 429,503

1981 9,623,828 448,169

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Exports (Barrels)

Year Crude Oil Refined Products NGL2009 2,060,471,025 149,367,259 277,571,441

2008 2,509,577,626 132,088,155 283,925,306

2007 2,407,956,412 136,010,203 286,713,775

2006 2,541,692,569 183,983,356 285,374,991

2005 2,622,997,627 201,589,157 289,485,392

2004 2,479,269,999 191,648,785 273,984,183

2003 2,357,921,983 158,047,102 265,929,431

2002 1,897,875,597 145,084,881 239,265,378

2001 2,178,362,274 169,281,494 230,072,047

2000 2,263,876,508 175,609,350 237,803,981

Distribution of ExportsCrudeOil-WorldMarketsPercentage

Region 2009 2008 2007 2006 2005 2004 2003Europe 4.4 5.2 5.1 6.6 7.7 8.8 7.9

Far East 55.7 52.7 52.5 51.6 49.7 46.1 43.7

Mediterranean 5.4 7.0 7.5 8.4 9.4 9.8 10.1

USA 14.3 20.0 20.5 19.2 18.6 20.7 23.7

Other 20.2 15.1 14.2 14.2 14.5 14.6 14.6

S. Arabia*

Iran

Iraq

Kuwait

Venezuela

UAE

Russia

260.1

137.6

115

101.5

99.3

97.8

60

0 100 200 300

Russia

Iran

Qatar

Saudi Arabia*

USA

UAE

Nigeria

0 600 1200 1800

1,680

1,045

1,899

1,275

1,244

1,214

1,185

Conventional Crude Oil Reserves (billion barrels) Natural Gas Reserves (trillion cubic feet)

Estimated Worldwide Crude Oil and Gas Reserves as of January 1, 2009Source: Oil and Gas Journal

*Source: Saudi Aramco

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Mega ProjectsKhurais Field DevelopmentKhuraisbeganproductioninJune2009andisthelargest integrated oil project in company history and the largest in the history of the industry. The development adds 1.2 million bpd of Arabian Light crude oil production capacity, dehydrates 320millionscfdofgasandproduces80,000bpdof NGL.

uled for completion in 2013, calls for four produc-ing platforms, a tie-in platform and a 110-kilome-ter subsea pipeline to deliver the gas onshore.

Shaybah Field Expansion The Shaybah expansion program came on-stream inthesummerof2009andincreasesArabianExtra Light crude oil production capacity from the current 500,000 bpd to 750,000 bpd. The facili-ties include a gas-oil separation plant (GOSP), gas compression and injection facilities, and a 217-km pipeline.

Saudi Aramco Total Refining & Petrochemical Company (SATORP)OnJune22,2008,SaudiAramcoandTotalSA established Saudi Aramco Total Refining and Petrochemical Company (SATORP) to develop a 400,000bpdworld-class,full-conversionexportrefinery in Jubail. The refinery will be designed to process Arabian Heavy crude oil to produce high-quality refined products that will meet the most stringent global product specifications.

InJune2009,asignificantmilestonewasreachedwith awards made for Equipment, Procurement and Construction (EPC) contracts, including the construction of distillation, hydrotreating, conver-sion, coker and other units. This was followed by anEPCcontractssigningceremonyinJuly2009with contractors from Saudi Arabia, France, Japan and the Republic of Korea.

Yanbu‘ Export Refinery Project TheproposedYanbu‘ExportRefineryisa400,000bpd full-conversion refinery located on the Red Sea coast. The bidding for the project’s EPC con-tractswasre-launchedinJune2009,andinvita-tions for bids for early work and major packages have been issued to prequalified local and in-ternational contractors. The Yanbu‘ facility will process Arabian Heavy crude oil to produce ultra low-sulfur diesel, and gasoline and benzene.

In2008,theprojectcomponenttoexpandSouth-ernAreaseawaterinjectioncapacityby4.5millionbpd to support increased production from the Khurais and Ghawar fields was completed, marked by the inauguration of the water injection plant of the central oil processing facility in November of that year.

Infrastructure work for Khurais included an air strip, residential facilities for up to 1,000 person-nel and an industrial complex to handle facility maintenance.

Karan Gas Project Karan is the first non-associated offshore gas field project being developed by Saudi Aramco in the Kingdom. The project, located about 160 kilome-tersnorthofDhahran,willproduce1.8billionscfdof Khuff gas when completed, and will include facilities to transport gas from the field via a sub-sea pipeline to onshore processing facilities at the Khursaniyah Gas Plant. The Karan program, sched-

The main administration building of Khurais reflects its mega-project status.

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Technology

From the first oil well to the latest discovery, Saudi Aramco employees have developed and applied the latest technology. Some of Saudi Aramco’s leading centers include the Exploration and Pe-troleum Engineering Center (EXPEC), the Research and Development Center (R&DC), and Oil Supply, Planning and Scheduling (OSPAS).

EXPEC Advanced Research Center (EXPEC ARC)EXPEC ARC’s target for the next 20 years is to develop specialized technologies necessary to achieve its upstream objectives of increasing discovery of oil resources and increasing reservoir recovery from 50% to 70% in major producing fields. EXPEC ARC comprises six specialized technology teams, a laboratory and field support Operations Services Division, and a Strategic Tech-nology Analysis Division.

Teams conduct research and development in-house or collaboratively with leading global institutions and companies. Two years ago, EXPEC ARC introduced the concept of Reservoir Nano-robots, known as Resbots™. Nano-scale Resbots could be deployed with the fluids injected into a hydrocarbon reservoir to record reservoir pressure, temperature and fluid type, storing the informa-tion in on-board memory that can be retrieved to better manage the reservoir and pave the way for increased recovery rates. For the Resbots concept, EXPEC ARC won the prestigious New Horizons IdeaAwardatthe2008WorldOilAwards.

Research & Development Center (R&DC) R&DC has adopted an approach to devise research programs that target near-, medium- and long-term needs. The first priority is the desulfurization of crude oil. In the medium-term, the company is investigating clean fuels, and the management of carbon release is the third research focus. On behalf of Engineering Services, R&DC adminis-ters the Technology Program for the testing and deployment of cutting-edge technologies that en-hance operational reliability, efficiency and safety.

Oil Supply, Planning & Scheduling (OSPAS)OSPAS is the hub of oil, gas and refined products management. The primary mission of OSPAS is to ensure that hydrocarbon system capacities and inventories are well-managed to meet customer needs and company profitability. OSPAS is com-posedoffivedivisions:Oil,Gas&NGL,Terminal,Refined Products and Supply Planning & Engineer-ing. Operations are highly integrated to ensure efficient and optimal delivery of hydrocarbons to customers of Saudi Aramco. The focal point of OSPAS is the Operations Coordination Center (OCC) video wall. Loaded with the latest display technology, the massive (biggest in the hydrocar-bon industry) series of screens provides a real-time display of Saudi Aramco’s key operations.

Top: A sweeping wall of windows graces the Research & Development Center. Above: The “Wall” is the impressive core of the OSPAS Operations Coordination Center.

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