What are the top five oil and gas companies in the Gulf region or the Middle East? Check out this post to read about the companies and their details!
Top 5 oil and gas companies in the Arab world
The Arab world is famous for its oil and gas companies. Arab countries produce more than 27% of the oil and gas for the world population. It has several international companies worth billions of dollars. Today’s article will list the top five oil and gas companies in the Arab World. Read on!
1. Saudi Aramco
Saudi Aramco is the largest oil-producing company in the Arab world. It is also recognized as the Saudi Arabian Oil Company. The corporation is valued at ten trillion dollars.
Its headquarters are in Dhahran, Saudi Arabia. Saudi Aramco reported revenue of $311 billion in 2013 and is owned by the Saudi Government. In addition, Khalid A. Al-Falah is the chief executive officer of Saudi Aramco.
The company produces some 12.8 million barrels of oil per day. Saudi Arabia transported over 250 million barrels of oil in January 2014. Thus, it is one of the most influential organizations in the Arab World.
2. Qatar Petroleum
Qatar Petroleum is one of the Middle East’s largest oil and gas producers and exporters. The company was founded in 1974 and maintained by the Qatari government. It produces 5.30 million barrels of oil per day.
In addition, Mohammed Bin Saleh is the minister of energy and production who operates and maintains Qatar Petroleum. The company’s headquarters is in Doha, Qatar. It generated $51.6 billion in sales between 2019 and 2020, making it the best oil and gas company in the Middle East.
3. Iraq National Oil Company
The government of Iraq owns the National Oil Company, producing more than 2.2 million barrels of oil daily. The company has been in the business for over 50 years and generated over 51 billion dollars between 2019 and 2020.
Although the political situation in Iraq affected the company, it still produces millions of barrels and supplies energy products to various countries, making it the best oil and gas company in the world.
4. Abu Dhabi National Oil Company
The government of UAE owns the Abu Dhabi National Oil Company. It has been in the oil and gas industry for over 55 years. Sheikh Khalif Al Nahyan controlled the company. It produces more than 2.5 million barrels of oil daily.
The company’s revenues were 75 billion dollars between 2019 and 2020. It follows a unique business model and incorporates novel technologies to streamline business processes.
5. Oman Oil Company
The Oman Oil Company produces over one million barrels of oil daily. The government of Oman owns the company, and this oil and gas company has been in the business for more than 24 years. Its headquarters are in Muscat, and Ahmed Al Wahabi is the chief executive officer of this company.
Oil companies in the Arab region have been drilling oil and gas for over 50 years. These companies use advanced technologies to produce more oil and gas to fulfill world requirements. Until Next Time!
- Article based on personal opinion, experience and research.
- Photos from Unsplash & canva.