Question
In: Operations Management
describe the saudi aramco company in terms of its input and output components, attributes, and relationships
describe the saudi aramco company in terms of its input and output components, attributes, and relationships
Solutions
Expert Solution
Saudi Aramco company is the world's biggest oil and natural gas company having its operations all across the globe. Saudi Aramco company established in the year 1938 by an American company, they formed a partnership with the Kingdom of Saudi to form Arabian American Oil Co. which is popularly known as Saudi Aramco company in the year 1944. It became a fully owned company of the Kingdom of Saudi Arabia in the year 1988 by purchasing all the shares of the company. Oil refining and the manufacturing of petrochemicals are the major activities of the Saudi Aramco company. Saudi Aramco company engages in all activities related to crude oil such as its production, refining, distribution, shipping, and marketing. Major products of Saudi Aramco company are Gasoline, Diesel, Crude Oil, Sulfur, LPG, Propane, Butane, Natural Gasoline (NG), Sales Gas, Ethane, Kerosene, Jet A-1, JP-8, Fuel Oil, and Paving Asphalt, etc.U.S, India, and China are the major customers of Saudi Aramco company. It is the oil company with maximum refining capacity in the world.
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