For Saudi Aramco, sky is the limit
July 31st, 2008 Posted in Oil
At an estimated production cost of $2.00 per barrel, Saudi Aramco’s annual net revenues are expected to top an eye-popping $200 billion. The world’s largest oil producer has also set its sights on becoming a leading petrochemical manufacturer, where a single barrel used in production yields an “output” valued at $500. The company is run by Stanford-educated, Nabilah Al-Tunisi. Dubbed the ‘Iron Lady,’ she is easily the most powerful oil executive in the country, if not the region. For the complete story, see Forbes The Other Face of Saudi Aramco.
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