1990s

1990

Saudi Aramco helps stabilize world markets

On August 2, 1990, Iraq invades neighboring Kuwait. We focus on helping to stabilize world energy markets, bringing on additional production capacity. By year's end, our average daily production is running at an astonishing 8.5 million bpd, up from 5.4 million bpd in July.

The Operations Coordination Center is the central control room for Saudi Aramco's oil and gas operations.

1991

35% interest acquired in Korean refinery

We expand our international presence when a company affiliate purchases a 35% interest in the SsangYong Oil Refining Company (renamed S-Oil in 2000) in the Republic of Korea.

Saudi Aramco responds to Gulf War oil spill

During the Gulf War, an oil spill begins in Kuwait, then drifts south, impacting the coastline of Saudi Arabia. Our response teams work around the clock to recover more than 1.2 million barrels of oil from the spill, despite adverse conditions and rough weather.

The S-Oil refinery and harbor complex in Onsan, Republic of Korea.

1992

Oil and gas discovered on the Red Sea coastal plain.

Exploration efforts along the Red Sea coastal plain yield results in 1992 with the discovery of sweet gas and condensate at Midyan, near the Gulf of Aqaba.

The discovery well at Midyan, near the Red Sea coast.

1993

Government facilitates merger of Samarec and Saudi Aramco

Headquartered in Jiddah, Samarec is responsible for refining, international product marketing and the distribution of petroleum products throughout the Kingdom. In June 1993, King Fahd issues a Royal Decree sanctioning the Council of Ministers' decision to merge the operation and facilities of Samarec into Saudi Aramco.

The project to build a gas-oil separation plant in the offshore Marjan field nears completion.

1994

40% interest acquired in Petron

A Saudi Aramco subsidiary acquires a 40% equity interest in Petron Corporation, the largest crude oil refiner and marketer in the Philippines.

A Saudi Aramco subsidiary purchases a 40-percent stake in Petron, a refining and marketing company in the Philippines.

1995

Vela completes program to build 15 supertankers

In 1992, Vela embarks on an ambitious shipbuilding plan to add 15 new very large crude carriers (VLCCs) to the fleet, each with the capacity to carry more than 2 million barrels of oil. The three-year project is completed in March 1995, when the Alphard Star is transferred from its Danish builder to Vela.

A supertanker destined to join the Vela International Marine Limited fleet takes shape in a shipyard.

1996

First European joint venture

We announce our first joint venture in Europe — the purchase of a 50% stake in privately held Greek refiner Motor Oil (Hellas) Corinth Refineries S.A., and its marketing affiliate, Avinoil Industrial Commercial and Maritime Oil Company, S.A.

A company 737 undergoes inspection and maintenance.

1997

POWERS developed

We develop POWERS (Parallel Oil-Water-Gas-Reservoir Simulator), a high-resolution reservoir simulator to model and predict the performance of super-giant reservoirs.

Earth scientists and petroleum engineers work together in the Exploration and Petroleum Engineering Center in Dhahran.

1998

Shaybah field comes on-stream

Although discovered in 1968, the Shaybah oil field, 800 kilometers south of Dhahran, requires the passage of 27 years for economic conditions and improvements in drilling and other technologies to make development of the field feasible. Development begins in 1995 and in July 1998, one year earlier than planned, the Shaybah oil field comes on-stream.

Merger produces Motiva Enterprises, LLC

Superseding a previous joint venture established a decade earlier known as Star Enterprise, Saudi Refining Inc. (SRI), a subsidiary company, and Texaco merge their Star Enterprise joint venture with Shell Oil assets in the United States to form Motiva Enterprises, LLC.

Advanced oncology treatment center opens

We complete work on an oncology treatment center to enhance medical care at the Dhahran Health Center.

The administrative and residential complex at Shaybah.

1999

Major upgrades completed

The Ras Tanura Refinery upgrade, completed in 1998, increases the percentage of high-value products that the refinery can produce from each barrel of crude oil. Concurrently, we bolster our domestic product network, increasing operating efficiency and eliminating approximately 1,650 tanker trucks daily from the highways, thereby improving traffic safety.

Saudi Aramco produces Land of Khuzama, an environmental film

The 26 minute film, in Arabic and English versions, is released in connection with Earth Week 1999. The film, named after a type of local wildflower, delivers an entertaining message about the importance of preserving the environment, and underscores the need to respect the Kingdom's wildlife.

The Ras Tanura Refinery after the completion of a major upgrade project.

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