Saudi Aramco sets New Standards in Excellence in 2008

Dhahran, May 16, 2009 -- Saudi Aramco has released its 2008 Annual
Review, reaffirming its role as a leading provider of energy.

The Review summarizes company operations and outlines significant
achievements throughout the year.

The Annual Review’s theme, “Setting New Standards: Our Legacy, Our
Future,’’ highlights the company’s unmatched track record of
reliability, innovations in technology across the petroleum value
chain, and its commitment to providing energy to the world while
maximizing the value of its petroleum reserves for the benefit of the
Kingdom’s citizens.


Ali I. Al-Naimi, Minister of Petroleum and Mineral Resources of the
Kingdom of Saudi Arabia and Chairman of the Saudi Aramco Board of
Directors, in the review released last Wednesday said: “Saudi
Aramco’s prudent management of the world’s largest petroleum reserves
and fourth-largest gas reserves was showcased this anniversary year
through the company’s ongoing, record capital program to expand oil
and gas production capacity, a highlight of which was the rapid
progress made on the Khurais development program. With 1.2 million
barrels per day of production capacity, Khurais is the single largest
integrated oil project not only in company history but in the history
of the global oil industry.”

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