Quotes About Aramco

The US and Unocal wanted to believe that the Taliban would win and went along with Pakistan's analysis that they would. The most naive US policy-makers hoped that the Taliban would emulate US–Saudi Arabia relations in the 1920s. 'The Taliban will probably develop like the Saudis did. There will be Aramco, pipelines, an emir, no parliament and lots of Sharia law. We can live with that,' said one US diplomat.20

If Saudi Aramco is listed, then it must announce its statements, and it will do that every quarter. It will be under the supervision of all Saudi banks, all analysts, all Saudi thinkers. Even more, all international banks and research and planning centres in the world will monitor it intensively.

Saudi Arabia went from a backward desert kingdom to a world power, beginning in 1933, with the discovery of vast oil fields in the eastern flat lands of the peninsula. Standard Oil of California briefly owned the oil concession, assigning it to a venture that eventually was named ARAMCO (Arabian American Oil Company).

Even though Saudis eventually came to occupy the senior management positions in the company, Aramco remained an oasis of Western culture and business standards within the conservative and traditional kingdom. Nothing, al Saud believed, should get in the way of profit and power.

People used to be unhappy that files and data of Aramco are undeclared, unclear, and not transparent.

Vision 2030 is about a lot of big opportunities, so Aramco is one of them, Neom another opportunity.