|Definition||:||Arabian American Oil Company|
|Category||:||Governmental » Firms & Organizations|
What does Aramco mean?
Arabian American Oil Company (Aramco), now officially the Saudi Aramco, is the state-owned national oil company of Saudi Arabia. Aramco was founded by the Standard Oil Co. of California, when the government of Saudi Arabia granted it a concession. Later Saudi Arabian government took over Aramco and renamed it Saudi Aramco.