It is bounded on the west by the gulf of aqaba and the red sea. Saudi aramco began in 1933 when the saudi government gave standard oil of california a concession to explore for. Listless saudi aramcos ipo is the biggest ever business. Aug 24, 2016 saudi aramco has the largest daily production of oil in the world which comes as no surprise considering they have the largest proven crude oil reserves on the planet. Yasir alrumayyan, center left, and sarah alsuhaimi, chairwoman of the saudi stock exchange hold a photograph showing the 1933 oil concession agreement signing, during the aramco ipo listing. Saudi aramco today hosted the opening ceremony of the international petroleum technology conference iptc, the leading international oil and gas conference taking place from january 15 in dhahran, saudi arabia. Saudi aramco looks to attract partners in key european cluster on second international nonmetallics.
My political education began with the writing of my first novel, the ruins of us, but it has gained momentum and breadth over the past four years as ive researched my third novel, which tells the story of the ussaudi relationship. Books in addition to producing publications about our company and the petroleum industry, we also publish original research on saudi arabias natural history and overviews of. Shiism, dissent and sectarianism by toby matthiesen. Aramcos april production to mean no saudi spare capacity. Discovery of oil transformed saudi arabia sheldon kirshner. Madawi alrasheed traces its extraordinary history from the age of emirates in the nineteenth century, through the 1990 gulf war, to the present day. Aramco s early history and its present operations introduction. The book is in two volumes of roughly 260 pages each, with hundreds of photographs and many maps, graphs and other illustrations that illustrate the proud legacy of the company.
The company had long declined to disclose key metrics, including how much oil it produces. Saudi aramcos pending initial public offering ipo would be by far the biggest story in the middle east. Its outputalmost all childrens booksencompasses traditional stories from the arab world, new fiction on arab themes, books on ancient egypt and the background of islam, and modern nonfiction about egypt. In 1933, the saudi king, abdul aziz, signed a concession agreement with an american company that would later be known as aramco. Although saudi arabia did not directly participate in the 1973 yom kippur war ramadan war, it led the arab oil boycott against israels western allies that sent oil prices skyrocketing. Disclosing the financial results, he said, was a significant milestone in saudi aramcos history. You open up aramcos books, make it stand on its own, give it real publiccompany governance structures, and maybe it becomes more valuable than it. Saudi arabia pumped more than 12 million barrels of oil on wednesday for the first time in its history. Anthony cave brown, the author of several wellreceived books on the history of. The pact was signed in jeddah, the only saudi city where foreigners.
Gender, politics and religion in saudi arabia cup 20, muted modernists. Founded in 1949, aramco world became saudi aramco world in 2000. In 1950 aramco opened a pipeline from saudi arabia to the mediterranean sea port of sidon, lebanon. In order to describe the aramco venture in perspective, an unusual range of topics must be covered in the pages of this handbook. List of books and articles about saudi arabian history. Source of pride as investors scramble for saudi aramco. Saudi aramco, also called saudi arabian oil company, formerly arabian american oil company, oil company founded by the standard oil co. This comprehensive history of saudi arabia from 1745 to the present provides insight into its culture and politi, its powerful oil industry, its relations with its neighbours, and the ongoing influence of the wahhabi movement. In november 1949 the arabian american oil company aramco launched aramco world as an interoffice newsletter that linked the companys us offices with the fieldprimarily dhahran, in the eastern province of saudi arabia. The saudi aramco journal of technology is published quarterly to provide the companys scientific and engineering communities with a forum for the exchange of ideas. Aug 12, 2019 disclosing the financial results, he said, was a significant milestone in saudi aramcos history. Saudi aramco began in 1933 when the saudi government gave. My political education began with the writing of my first novel, the ruins of us, but it has gained momentum and breadth over the past four years as ive researched my third novel, which tells the story of the ussaudi relationship through the. Saudi aramco presents a community heritage gallery traveling.
Articles present technical information aimed at advancing the hydrocarbon industry. After the collapse of the ottoman empire, ibn saud fought a long campaign to bring together a disparate people from across the arabian peninsula. What story does this book tell us about saudi arabia. The company has a proud history as the business back bone of saudi arabia with huge transformative plans underway as part of the saudi vision plan 2030. The story starts with saudi arabias founder, abdul aziz, a refugee embarking on a daring gambit to reconquer his familys ancestral home, the mudwalled city of riyadh. A view of the aramco oil refinery in saudi arabia, 1990. Aramcos early history and its present operations introduction. Saudi aramco, worlds most profitable company, will make. Mythmaking on the saudi oil frontier by robert vitalis is a devastating critique of the oil giant aramco and how strikebreaking and racism cemented the ussaudi relationship. Her research focuses on history, society, religion and politics in saudi arabia and the gulf. Banks warned over saudi aramco by environmental groups. Saudi arabia unveiled a 650page prospectus to investors and in it revealed previously murky details of aramco finances, its expectations of having 70 years left of proven oil reserves in saudi.
She fuses chronology with analysis, personal experience with oral histories, and draws on local and foreign documents to illuminate the social and. A subsidiary company, the california arabian standard oil company casoc, was created to manage the agreement. Saudi oil giant aramco starts trading shares a week after. Mar 07, 20 saudi aramco board director andrew gould. Saudi aramco from its origins in the 1930s to 2012. In november 1949 the arabian american oil company aramco launched aramco world as an interoffice newsletter that linked the companys us offices with the fieldprimarily dhahran, in the eastern province of saudi arabia as saudi oil took on greater global importance, the companys growth brought tens of thousands of americans to dhahran, and aramco world. May 31, 2006 in celebration of the 25th biannual saudi aramco annuitants reunion, marking the 50th anniversary of the reunions, the saudi aramco community heritage gallery presented a traveling exhibition that showcased the exhibits and activities that it has been involved with in the last couple years. How has saudi arabia managed to maintain its arab and islamic values while at the same time adopting western technology and a market economy.
Mohammed bin salman is selling shares of saudi aramco and. Saudi aramco becomes most valuable listed company in history. Sep 16, 2019 in 1933, the saudi king, abdul aziz, signed a concession agreement with an american company that would later be known as aramco. This article appeared on pages 23 of the novemberdecember 1970 print edition of saudi aramco world. We produce aramcoworld to increase crosscultural understanding by broadening knowledge of the histories, cultures and geography of the arab and muslim worlds and their global interconnections, past and present. Saudi arabian and international investors have subscribed to the initial public offering of saudi aramco in huge numbers, with demand for shares in the worlds most profitable company.
The saudi royal family and aramco leadership are, and almost always have been, motivated by ambitions of longterm strength and profit. Tariq ali, the guardian rich, marvelously researched, and densely argued. At aramcos q4 earnings call, ceo amin nasser confirmed that aramco will produce 12 mmbpd in april and wont reach mmbpd capacity for a while. Saudi arabia is a wealthy and powerful country which wields influence in the west and across the islamic world. Nov 26, 2019 before we get into what has held aramco back, a little history. How have its hereditary leaders, who govern with a mixture of political pragmatism and religious zeal, managed to maintain their power. A study of the dynamics of foreign oil policy, 19331950 princeton legacy library by anderson jr. Books in addition to producing publications about our company and the petroleum industry, we also publish original research on saudi arabias natural history and overviews of the kingdoms history and culture.
A yellow school bus pulled up in front of our house, p304 prairie. The ussaudi story, through the eyes of an aramco brat. Browns careful research and vivid prose yield a fine read for anyone interested in contemporary affairs and world history. Saudi aramco has secured its position as the most valuable listed company in history after investor appetite for the worlds biggest. Anthony cave brown, the author of several wellreceived books on the history of espionage, here turns his attention to a story as full of intrigue as any spy novel. Dec 11, 2019 yasir alrumayyan, center left, and sarah alsuhaimi, chairwoman of the saudi stock exchange hold a photograph showing the 1933 oil concession agreement signing, during the aramco ipo listing. A history of the most profitable company in the world, saudi aramco, and the story behind the family that ruthlessly maneuvered to control this multitrillion dollar enterprise. Aug 10, 2018 saudi aramco is 85 years old this year. Saudi aramco traces its beginnings to 1933 when a concession agreement was signed between saudi arabia and the standard oil company. This comprehensive history of saudi arabia from 1745 to the present provides insight.
The saudi government did not get a share of aramco until 1972 when it acquired 20% of the companys stock. Teel front, center, returning from an aramco recruiting trip to egypt and lebanon, saudi arabia, 1953. The us administration at the time had popular support for an open door policy, which herbert hoover, secretary of commerce, initiated in 1921. Saudi aramco traces its beginnings to 1933 when a concession agreement was signed between saudi arabia and the standard oil company of california socal. Modern trader magazine wald has produced a clear, concise history of both the kingdom and its allimportant oil corporation. Saudi arabia pumps 12m barrels of oil for the first time. Saudi aramco 2030 post ipo challenges mohamed ramady. It is one of the largest companies in the world by revenue, and according to. Saudi aramco presents a community heritage gallery.
Mar 17, 2020 at aramco s q4 earnings call, ceo amin nasser confirmed that aramco will produce 12 mmbpd in april and wont reach mmbpd capacity for a while. The book outlines the history of aramco and the story of the first discoveries of oil in the persian gulf region and saudi arabia. In celebration of the 25th biannual saudi aramco annuitants reunion, marking the 50th anniversary of the reunions, the saudi aramco community heritage gallery presented a traveling exhibition that showcased the exhibits and activities that it has been involved with in the last couple years. The ussaudi story, through the eyes of an aramco brat keija. The first comprehensive history of saudi aramco produced by the company. Its history in the twentieth century is dominated by the story of state formation. Jul 11, 2002 in 1932 the kingdom of saudi arabia was born. Five books to understand saudi arabia books the guardian. Alyassini, religion and state in the kingdom of saudi arabia 1985, m. Scott mcmurray has authored several landmark books for the history factorys. Jan 14, 2020 the saudi government did not get a share of aramco until 1972 when it acquired 20% of the companys stock. The american interest in saudi and persian gulf oil has remained strong ever since, brown writeshe even calls the gulf war of 1991 the aramco war although the company was nationalized in the mid1980s.
Before we get into what has held aramco back, a little history. The story of aramco and the saudi kings brown, anthony. On tuesday, saudi arabias stateowned oil company saudi aramco achieved a remarkable feat for its first ever international bond. Assesses aramco s current overarching national and international mandates as the primary agent of change for saudi arabias economic development. Saudi aramco has the largest daily production of oil in the world which comes as no surprise considering they have the largest proven crude oil reserves on the planet. Among her recent books are a mostly masculine state. Saudi aramco becomes most valuable listed company in. Hoopoe books in cairo predates its london namesake by several years. Nakhleh, the united states and saudi arabia 1975, a. Hitti, who retired in 1954 from princeton university, where he was professor of semitic literature and chairman of the department of oriental languages, is the author of many books, including the classic history of the arabs. The stateowned oil company of saudi arabia is the biggest in the world, helping the kingdom become the biggest exporter of crude oil. Riley, historical and cultural dictionary of saudi arabia 1972. Examines aramco s early history and analyzes how lessons from the past may influence the companys future.