Professional Documents
Culture Documents
energy.
4/4
Contents
4 Energy Is Opportunity
7 Maximizing Impact
8 Production to Performance
10 Generating Breakthroughs
13 Enabling a Sustainable Future
14 Energizing People and Ideas
17 Citizenship
20 2014 In Numbers
opportunity.
2/3
Singapore
Houston
recoverable crude oil and R&D Center/Technology Office Motiva Enterprises LLC
condensate reserves
Alexandria
9.5M barrels Global Office The Arab Petroleum Pipeline Co. (SUMED)
Fujian
Fujian Refining and Petrochemical Company Ltd.
average daily crude
Sinopec SenMei Petroleum Company Ltd.
oil production
Seoul
Turaif
Al Jawf
Tabuk
Safaniya
Duba
Jubail Juaymah
Qatif Ras Tanura
Qassim Dhahran
Al Hasa
Yanbu Riyadh
Rabigh
Thuwal
Saudi Arabia
Jiddah
Al-Sulayyil
Abha Najran
Jazan
Saudi
Saudi Aramco
Aramco Headquarters
Headquarters
294T scf
gas reserves
Saudi
Saudi Aramco
Aramco Refinery
Refinery
Terminal
Terminal
11.3B scf
average daily gas
production
4.1T scf
Bulk
Bulk Plant
Plant
R&D
R&D Center/Technology
Center/Technology Office
Office annual gas production
Joint
Joint Venture
Venture Refinery
Refinery
M = million
B = billion
Luberef
Luberef
T = trillion
scf = standard cubic feet
Marafiq
Marafiq
4/5
energy is
opportunity
Energy is the great enabler of life in the mod- operates on the leading edge of science
ern world. It gives us the means to make our and creativity helping to bring to life the
lives more mobile, productive, and meaningful. ideas that make energy more beneficial and
It gives us the power to provide sustenance to sustainable.
people the world over. With it, we can transform
We are engaged in a corporate transformation
our aspirations into businesses that put people
designed to move our business forward in a
to work and drive global commerce. Energy
way that balances commercial success with
gives us the ability to explore our universe or
the ability to create ever more opportunities
to develop and bring to market new medicines,
for the people whose lives we touch. With that
new technologies, and new materials.
in mind, our business strategy is built upon a
In the coming decades, more and more energy basic underlying principle: We amplify the
from many different sources will be required to positive effects of our commercial activities
meet the needs of a rapidly advancing world. for the benefit of the greatest number of
Global oil demand alone is expected to rise people possible.
from roughly 93 million barrels per day (bpd)
As the global population grows, economies
currently to 111 million bpd in 2040.
expand, and standards of living increase,
Making smarter choices about how we produce, energy will continue to be an essential enabler
use, and capitalize on such an important resource of opportunity. We are executing a wide-ranging
as energy is vital to all of us. On the frontiers strategy to ensure that we are at the forefront
of energy and innovation, groundbreaking work of providing the needed energy today and
is underway to unlock the full potential of our tomorrow. From producing approximately one
energy resources. This is where Saudi Aramco in every eight barrels of the worlds crude oil
supply to developing breakthrough energy
technologies, we are driven by our core belief
that energy is opportunity.
1 in 8 barrels
Saudi Aramcos share of world oil production
2014 Facts & Figures
5 billion+
cubic feet per day of new
nonassociated gas processing
capacity by 2019
8/9
from production
to performance
Refining capacity (in thousands of barrels per day)
Wholly owned Domestic International Worldwide Saudi Aramco
domestic joint ventures joint ventures share
Our greatest opportunities for growth and a major step in achieving our vision of being
diversification will come from the steps we are among the worlds top three refiners and a
taking to capture unrealized value and create world-leading manufacturer of chemicals.
additional value from every hydrocarbon mole-
YASREF: The Yanbu Aramco Sinopec Refining
cule we produce. The cumulative effect of our
Company, our joint venture with Asias largest
efforts will be a world-leading, fully inte-
refiner, Sinopec, is a full-conversion, 400,000
grated downstream system and a portfolio
bpd refinery located in the Yanbu Industrial
that is more robust and resilient to market tur-
City on the west coast of Saudi Arabia. The
bulence. Pursuing this strategy will open up
facility began commissioning in late 2014 and
new opportunities for organic growth as well
delivered its first shipment of clean diesel fuel
as strategic partnerships with other leading
in mid-January 2015.
global firms at home and abroad, create more
business for service and materials suppliers in Jazan Refinery and Terminal: In 2014, we
local supply chains, and generate new jobs. began construction on a project to build a
400,000 bpd refinery and terminal in Jazan in
SATORP: The Saudi Aramco Total Refining
the Kingdoms southwest. The refinery, sched-
and Petrochemical Company, our joint venture
uled to begin commissioning in 2017, will be
with Frances Total in Jubail, is one of the larg-
incorporated with the worlds largest inte-
est, most complex refineries in the world. In
grated gasification combined cycle complex.
August of 2014, SATORPs crude oil through-
put reached the facilitys full design capacity Sadara: Our joint venture with The Dow
of 400,000 bpd. This new venture represents Chemical Company will be the worlds largest
2014 Facts & Figures
34,000+
opportunities, both through the complex itself
and through PlasChem, its integrated conversion
industry park.
generating
breakthroughs
across the
value chain 99
patents awarded in 2014
Our research and development activities global research network with the establishment
focus on applying expertise and ingenuity to of research facilities in targeted innovation
generate innovative ideas that will make our hubs in the United States, Europe, and Asia.
resources more accessible, useful, sustainable, Beyond helping solve global energy challenges
and competitive. Achieving breakthroughs that and stimulating the development of the local
truly move our company and the energy indus- knowledge economy, our R&D efforts are also
try forward requires access to the best ideas, aiding the development of the leading Saudi
people, and partners from around the world. engineers and scientists of tomorrow, and
Over the past few years, we have created a fostering the development of the Kingdoms
innovation ecosystem.
2014 Facts & Figures
Aberdeen
Delft
Detroit Paris Beijing
Boston
Daejeon
Houston (KAIST)
Thuwal Dhahran
(R&DC,
(KAUST) EXPEC
ARC)
research center
technology office
12 / 13
enabling a sustainable
future for the Kingdom
Domestic economic impact
Value of material Percentage of Value of contract Percentage value of
procurement spending material procurement procurement contract procurement
(in billions) awarded spending awarded (in billions) awarded awarded to local
to local market to local market to local companies companies
At Saudi Aramco, our mission is twofold: expected to substantially augment the eco-
actively advance the commercial sustainability nomic output of the region and create 15,000
of our company, and through the work we do, jobs in its first five years and rapidly scale up
seek opportunities to contribute to the grow- to generate more than 70,000 new jobs over
ing prosperity of the Kingdom we serve and a 15-year period.
the world we all inhabit.
The Ras Al-Khair maritime yard is a prime
We made substantial progress in achieving our example of how we plan to energize the local-
vision to attract local and foreign investment ization of energy sector industries through the
in businesses that will diversify the Kingdoms creation of anchor projects around which
economy by manufacturing products from our entire supply chain ecosystems can develop.
chemical streams. By the end of 2014, agree- We are evaluating other potential sectors for
ments had been reached with tenants for 30 localization. These new businesses, allied with
of the 34 sites in our Petro Rabigh PlusTech technology centers to spur innovation and
Park. By 2015, it is expected that investments foster development of advanced materials and
of up to $1.2 billion will have been made in processes, will contribute to greater economic
the PlusTech Park and 2,000 new direct jobs diversity and drive job creation.
will have been created.
We are committed to the energy efficiency
Sadara and its adjoining value park, PlasChem drive pioneered by the Saudi Energy Efficiency
Park, will deliver a full range of value-added Program, a subcommittee of the Saudi Energy
performance products destined for the markets Efficiency Center. Many of our activities from
of Asia Pacific, the Middle East, Eastern Europe, testing renewable energy options to promoting
and Africa. PlasChem Park on its own will create a culture of conservation and efficiency are
more than 20,000 high-quality jobs, either directed to enabling an energy efficient national
directly or indirectly, for Saudi nationals. economy with a more diversified energy mix.
energizing people
and ideas
lost-time injury rate
(lost-time injuries per 200,000 work hours)
To deliver on our aspirations for the future, Our workforce of the future is trending younger.
we are developing increasingly sophisticated In 2009, nearly 70% of our employees were
upstream operations, expanding our down- above the age of 35. Today, almost half of
stream business, and pursuing ambitious tech- our employees are 35 or younger. Our Youth
nological innovations. Turning great aspirations Leadership Advisory Board, or YLAB, is a
into reality requires great capabilities. In 2014, group of 16 young employees that provides
we funneled significant energy into making advice, ideas, and insights to senior manage-
sure that our people have the support they ment and engages other young employees
need to acquire new skills and abilities. in the changes taking place throughout
the company.
The Jazan Refinery and Terminal project is one
example of how we are amplifying the benefits At Saudi Aramco, health and safety are two
of our business activities for the benefit of local sides of the same coin; each promotes the
communities. We formed a nonprofit organiza- other and we actively promote them both for
tion, the Jazan Contractors Consortium for the long-term benefits of the company and
Training and Employment Maharat, the Kingdom. In 2014, we recorded a lost-time
with our local and international engineering, injury rate of 0.05 injuries per 200,000 work
procurement, and construction contractors to hours, a 44% reduction compared to 2013.
train qualified Jazan-area high school, technical, Our safety performance was honored by the
and industrial college graduates in specialized U.S.-based Gas Processors Association, which
construction trades. These young people are recognized several of our gas plants including
then employed by the consortium to support our Juaymah NGL facility (6.5 million work hours
the construction of the Jazan facilities, giving without a lost-time injury), and our Khursaniyah
them an opportunity to start a career and make and Berri plants, each of which achieved 3.5
a tangible contribution to the economic devel- million work hours without a lost-time injury.
opment of their communities.
2014 Facts & Figures
51,653 Saudi
10,254 expatriate
16 / 17
Our legacy of citizenship in the Kingdom is evolving to amplify the benefits and
opportunities we create especially for future generations.
2014 Facts & Figures
citizenship
From building roads, railroads, schools, and
hospitals to establishing wildlife sanctuaries
and growing a knowledge economy, we have
2 million+
visitors to the iThra Knowledge
always been engaged in improving the quality Program, 20132014
of life for the people of Saudi Arabia. Over the
years, we have shifted our citizenship strategy
to focus on leveraging our core capabilities to
amplify the benefits and opportunities we cre-
ate. We strive to improve the environmental
health and safety of the communities in which
13,000
we operate; to enhance educational opportuni-
ties; to increase economic viability; and to pro-
mote energy sustainability through conservation
and efficiency efforts.
tablet computers provided to
In 2014, we invested significant energy and school children in the Gift of
resources into creating an economic ecosystem Knowledge campaign
in the Kingdom that is more diverse, more
dynamic, and more sustainable. We promoted
the creation of industrial clusters and conversion
parks where local and foreign manufacturers as varied as art, science, technology, engineering,
can create consumer products from our chemi- math, innovation, and entrepreneurship. We
cals, adding value to our hydrocarbon resources also support innovation in the Kingdom
and further diversifying the economy. through funding and guidance provided by
Safe, healthy, and vibrant communities are our Aramco Entrepreneurship Center.
the foundation for future progress and devel- We invest considerable effort and resources
opment. In 2014, we completed numerous in activities that help protect and renew our
projects to make our company-built public natural environment and improve the energy
schools safer, smarter, and more energy efficient. efficiency of our operations and communities.
The late King Abdullah identified sports and In 2014, we made significant progress in
athletic activity as crucial parts of the Saudi reducing the energy intensity of our operations
social fabric for the future. In 2014, we helped and produced more clean burning natural gas
achieve his vision by completing construction of for domestic industry. In our residential com-
the King Abdullah Sports City stadium in Jiddah munities and commercial offices, we replaced
and launched a program to build additional half a million incandescent light bulbs with
stadiums across the Kingdom. LED bulbs, saving 30 million kilowatt hours
Many of our citizenship activities in 2014 of energy. We also made advances in areas
supported the development of a knowledge such as the reduction of flaring, water conser-
economy in the Kingdom. Through the King vation, and recycling.
Abdulaziz Center for World Culture, we ran a
host of programs to promote learning in subjects
18 / 19
promoting energy
efficiency
2020 goal: reduce total energy use in company
buildings, transportation, and communities by 35%
savings
actions actions
18,000 250+
homes upgraded with homes upgraded per
500,000 LED light bulbs year with exterior insulation
in 2014 finishing systems
2,700 barrels of oil
equivalent per day
nearly 1 million barrels
per year
60,000 8,000
fluorescent light fixtures homes fitted with
replaced with LED fixtures Smart Meters by 2016
by 2016
2014 in numbers
Recoverable Crude Oil & Condensate Recoverable Gas (associated and nonassociated)
(billions of barrels) (trillions of scf)
Ras Tanura 4.993 14.967 43.884 7.753 76.135 32.486 7.155 187.373
Total Domestic 10.091 21.105 70.329 10.042 127.089 72.608 20.064 331.328
Grand Total 12.952 44.042 115.570 43.694 203.377 121.167 20.064 560.866
*Negative figures primarily indicate products that were reprocessed into other refined products.
550 R a s Ta n u ra
400 Petro Rabigh
Saudi Aramco Ownership 37.5%
126 R i ya d h
SAMREF
90 Jiddah 400 Saudi Aramco Ownership 50%
240 Ya n b u
YASREF
400 Saudi Aramco Ownership 62.5%
1,006 To t a l
SASREF
305 Saudi Aramco Ownership 50%
International Joint Ventures Refining Capacity
(thousands of barrels per day)
SATORP
400 Saudi Aramco Ownership 62.5%
Motiva
1,070 Saudi Aramco Affiliate Ownership 50%
Showa Shell Sekiyu K.K. (Showa Shell) 1,006 Wholly Owned Domestic
445 Saudi Aramco Affiliate Ownership 15%
1,905 Domestic Joint Ventures
Fujian Refining and Petrochemical Company Ltd.
280 Saudi Aramco Affiliate Ownership 25%
2,464 International Joint Ventures
5,375 Worldwide
3,104.25
2,640 Saudi Aramco Share
2014 Facts & Figures
Ras Tanura 5.486 14.586 43.187 7.017 76.846 32.857 8.037 188.017
Total Domestic 11.103 15.595 74.861 9.386 136.27 70.977 19.604 337.796
Grand Total 12.284 35.038 103.025 33.26 175.017 115.361 19.604 493.589
Diesel 83.416 61.588 121.111 266.115 Total Ship Calls 2,708 3,074 3,265 3,160 2,880
Jet Fuel/
Kerosene 8.185 2.832 14.544 25.561
Asphalt &
Misc. 6.681 9.059 7.994 23.734
25.5 N G L* 0 N G L*
Mediterranean U.S.
3.6 N G L* 0 N G L*
Other
70.9 N G L*
27.9 N G L* 0 N G L*
Mediterranean U.S.
4.9 N G L* 0 N G L*
Other
67.2 N G L*
Disclaimer: Each company affiliated with The Saudi Arabian Oil Company (Saudi Aramco), and in particular, each
subsidiary company including their associated research centers, is a separate entity that manages and controls its
own affairs. The use of terms such as company, Saudi Aramco, organization, it(s), our(s), their(s),
we and us and of abbreviated job titles is only for convenience and is not intended as an accurate descrip-
tion of individual status and corporate relationship, or to indicate that Saudi Aramco is conducting commercial
activities outside the Kingdom of Saudi Arabia.
www.saudiaramco.com