
Aramco: Fueling the World, Powering the Future Introduction Saudi Aramco officially known as Saudi Arabian Oil Company is name Synonymous with energy Aramco is one of the wealthiest and powerful corporations in the world. It is the most important oil company. Aramco plays an important role in the economic development of sustainable Energy. In this blog, we are exploring the important role played by Aramco in Saudi and global markets. A Legacy of Discovery Aramco's discovery can be traced back to the early 20th century. When some American geologists found oil reserve in Saudi Arabia.In 1933 the kingdom of Saudi granted oil concession to American oil Company. The oil company later came to be known as Arabian American Oil Company which latter came to be known as (Aramco).This partnership laid the foundation for the one of the most valuable company in the world. From Concession to Nationalization In 1980 the kingdom of Saudi Arabia acquired the full ownership of company m...