Definition : Arabian American Oil Company
Category : Governmental » Firms & Organizations
Country/Region : Saudi Arabia Saudi Arabia
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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.