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HISTORY
1933
Oil concession agreement signed
1938
Commercial quantities of oil discovered at Dammam
Aramco began first drilling operations & commercial oil production.
1939
1949
Aramco reaching crude oil production of 500,000 barrels per day .
1972
Oil production averages 4.5 mmbpd
1976
First to produce more than 3 billion barrels of oil in a
year.
1980
Saudi Aramco was officially established.
1991
First downstream venture in Asia, in South Korea
2000
Research & Development Center (R&DC) opens
2009
Petro Rabigh, Saudi Aramco’s first petrochemical
plant, begins production.
2012:
Aramco launches a new trading arm.
2013
They are launched Manifa project in 2013
2017
Saudi Aramco acquires full ownership of Motiva
2019
Saudi Aramco becomes a public company with shares listed
on Tadawul