|
Saudi Aramco Mobil Refinery Company Ltd. (SAMREF). Our address is:
Post Office Box 30078, Madinat Yanbu Al-Sinaiyah, Saudi Arabia.
Telephone Number: (966) (4) 396-4443 Fax # (966) 4-396-0942.
Our Commercial Registration # is 4700001240.
SAMREF is an equally owned joint venture between Saudi Arabian Oil
Company (Saudi Aramco) and Mobil Yanbu Refining Company Inc. (a
wholly owned subsidiary of Exxon Mobil Corporation).
Saudi Arabian Oil Company (Saudi Aramco) is the worlds largest oil
producing and exporting company and was established by Royal Decree
in 1988 to assume the responsibilities of its predecessor, Aramco
that has a history dating back more than 70 years.
Exxon Mobil Corporation is a global energy company with a history
dating back more than 132 years and which conducts business in 140
countries on every continent throughout the world.
SAMREF is a complex refinery which was formed for the development,
construction, ownership and operation of crude oil refining
facilities in Yanbu, Saudi Arabia. Following the construction and
start-up of the facilities, it commenced operations on November 15,
1984.
In 1395 (H) and within the Kingdom of Saudi Arabia’s Second Five
Year Plan, the General Petroleum and Mineral Organization (Petromin)
discussed with Mobil Oil Corporation the possibility of constructing
a refinery on the West coast of Saudi Arabia. The purpose of this
refinery is to export finished products to Europe, North America and
Far East within the framework of broad-based strategy for an
integrated petroleum industry. After thorough studies, the city of
Yanbu was chosen as the best location for the new refinery.
Thus, approval was given to form a joint venture under the name of
Petromin Mobil Yanbu Refinery Company Ltd. (PEMREF) as a state of
the art refinery. The refinery construction was completed in 1984
and operations began smoothly.
On 11/1/1414 (H) (July 01 1993G) the Royal Decree #M/1 was issued
whereby all oil refineries, petroleum products, distribution
facilities and Petromin shares in the joint venture refineries were
merged into the Saudi Arabian Oil Company (Saudi Aramco).
Accordingly, Saudi Aramco Company took over all Petromin rights and
obligations for these refineries and facilities. As a result of this
Royal Decree, the name of the Company was changed to Saudi Aramco
Mobil Refinery Company Ltd. (SAMREF)
All the Company's refined products are marketed through the
Shareholders.
|
|
