Falih, Saudi Aramco President and Chief Executive Officer said: “The year 2008 was marked by turbulence in the global economy and by volatility in the energy sector. In these uncertain times, Saudi Aramco continued to be a rock of stability. “From the concession signing in 1933 that ultimately led to the discovery and production of the world's largest proven conventional oil reserves to our present-day industry leadership, Saudi Aramco has continually raised the bar for operational excellence, responsiveness and reliability, innovation and stewardship. “Our activities reflected Saudi Aramco's unrivalled position as the world's most reliable energy provider. This Review showcases our continued success in exploration, production, refining and new forays into petrochemicals.” The Review notes Saudi Aramco's role as a force for market stability and a critical contributor to sustained economic growth and development, given the impact of its petroleum exports on markets in both the East and the West. The company is the number one supplier of crude oil to major economies such as China, Japan, Republic of Korea and India, in addition to being a major supplier to the world's biggest crude oil consumer and its single largest economy, the United States. --MORE
