Petromin (1)

To develop the entire natural resource sector and harness it to the service of overall development, the government established Petromin as the State Petroleum Company in 1962 (1381/82 AH).

Petromin's role was to maximize the usefulness of the Kingdom's oil, gas and minerals. It was thus engaged in the production of natural resources (including, for example, the engagement of foreign partners), in the exploitation of natural resources (such as the evolution of a wide range of hydrocarbon products, like petroleum, LPG and asphalt), and in the marketing, both domestically and internationally, of these products. Its range of activity was therefore vast. Refining, pipelines, storage, power generation - all fell within Petromin's province.

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