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The relationship between Saudi Aramco and Total is a global partnership that features exceptional expertise in the field of refining, strong financing power and a strategic commitment to the industry, traits that 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 utilizes the services of more than 34,000 employees in its downstream operations, i.e., refining, marketing, trading, and shipping. While being the

biggest refiner in Western Europe, it is also considered as the biggest marketing company for petroleum products in Africa with a share amounting to 11%. As of December 31, 2007, its refining capacity amounted to 2.6 million bpd worldwide, and its refined products sales amounted to 3.9 million bpd (including commercial activities).

By the end of the year 2007, Total owned shares in 25 refineries (12 of which were directly operated by Total) in Europe, the United States, the French West Indies, Africa and China. Total operates 11 refineries in Western Europe with a refining capacity of 2.3 million bpd, making it the biggest refiner in the region.

Total also operates a refinery in Port Arthur, Texas, with a production capacity of 174,000 bpd. In Africa, Total has shares in six refineries, and in China, the Company partners with Sinochem and Petrochina in the Dalian refinery, with a refining capacity of 219,000 bpd.

Saudi Aramco is a fully-integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution,

shipping and marketing. The company manages proven reserves of roughly 260 billion barrels of oil, and manages the fourth-largest gas reserves in the world, 253.8 trillion cubic feet. In addition to its headquarters in Dhahran, Saudi Arabia, Saudi Aramco has affiliates, joint ventures, and subsidiary offices in China, Japan, the Netherlands, the Republic of Korea, Singapore, Malaysia, the United Arab Emirates, the United Kingdom, and the United States.

Saudi Aramco's four domestic refineries, at Riyadh, Ras Tanura, Yanbu' and Jeddah, have a combined capacity of nearly 1 million bpd. Adding the company's two domestic joint-venture refineries, with Exxon Mobil in Yanbu' (SAMREF) and Shell in Jubail (SASREF), and the company’s share of the Rabigh Refinery, transferred in 2008 from Saudi Aramco to the Petro Rabigh joint venture, brings in-Kingdom refining capacity to 1.49 million bpd. Subsidiary companies hold equity stakes in refining and marketing companies in the Republic of Korea, Japan, China, and the United States (a subsidiary company is a joint venture partner in a refining and marketing company).

The advantages available to those who work with Saudi Aramco in hydrocarbon projects include:

© 2009 SATORP, Saudi Aramco Total Refining and Petrochemical Company.