SATORP Partners :: SATORP :: Saudi Aramco Total Refining and Petrochemical Co.

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The relationship between Saudi Aramco and TOTAL Raffinage is a global partnership that features exceptional expertise in the field of refining, strong financing power and a strategic commitment to the industry. These traits are clearly manifest in both companies’ legacy of success in executing and operating refining projects. Subject to required regulatory approvals, Saudi Aramco is planning to offer 25 percent of the company to the Saudi public, while the two founding shareholders each intend to retain a 37.5 percent ownership interest.

TOTAL's Worldwide Refining Activities

SAUDI ARAMCO Refining Activities

TOTAL is a leading multinational energy company with 96,387 employees and operations in more than 130 countries. Based on market capitalization (in dollars) as of December 31, 2009, TOTAL - together with its subsidiaries and affiliates, is the fifth largest publicly-traded integrated international oil and gas company in the world.

The Saudi Arabian Oil Company (Saudi Aramco), is a fully-integrated, state-owned global petroleum enterprise and a world leader in exploration and producing, refining, distribution, shipping and marketing. The company manages proven reserves of 260.1 billion barrels of crude oil and it manages the fourth-largest gas reserves in the world, 275.2 trillion cubic feet.

Total engages in all aspects of the petroleum industry, including Upstream operations (oil and gas exploration, development and production, LNG) and Downstream operations (refining, marketing and the trading and shipping of crude oil and petroleum products). TOTAL is also forerunner in petrochemicals, has interests in the coal mining and power generation sector and is developing complementary next generation energy activities (solar, biomass, nuclear).

TOTAL’s dedication to clean energy and environmental concerns is evident in its creation of The TOTAL Foundation. The TOTAL Foundation is committed to philanthropic endeavors in three areas of activity: community support, culture, and the environment. www.total.com

Saudi Aramco employs more than 56,000 people and is headquartered in Dhahran in Saudi Arabia’s Eastern Province, which borders the Arabian Gulf. Operations span the Kingdom, with production and product distribution facilities linking all market areas.

Internationally, Saudi Aramco holds substantial joint venture and investment interests in refining and marketing activities in the United States, the Republic of Korea, Japan and China. Key market service support offices are located in major cities in North America, Europe and the Far East. Saudi Aramco, through its affiliate Vela International Marine Limited, owns and operates one of the world's largest tanker fleets, which transported crude oil and refined products, internationally and domestically, amounting to almost 1.3 million barrels per day (bpd) in 2009.

Saudi Aramco stands committed to providing a reliable supply of petroleum and petroleum products to communities and consumers around the globe. www.saudiaramco.com

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