Kingdom of Saudi Arabia Ministry of Petroleum and Mineral Resources

Jump to: navigation, search



The Kingdom of Saudi Arabia Ministry of Petroleum and Mineral Resources is located in Riyadh, Saudi Arabia.

Duties & Responsibilities

Established in 1960, the Ministry of Petroleum and Mineral Resources is responsible for establishing and administering policies related to oil, gas and minerals. The Ministry oversees affiliate companies by monitoring activities related to petroleum and petroleum products, from exploration and development to refining and distribution. The Ministry is responsible for national planning in the area of energy and minerals, including petrochemicals. Specifically, the Ministry monitors:

  • Saudi Arabian Company (Saudi Aramco)
  • Saudi Texaco
  • Aramco Gulf Operation Ltd (AGOC)
  • Saudi Geological Survey

Supreme Council for Petroleum and Minerals

Both the Ministry of Petroleum and Mineral Resources and the Supreme Council for Petroleum and Minerals have oversight of the oil and gas sector in Saudi Arabia. The Supreme Council is comprised of members of the royal family, industry leaders and government ministers. The Supreme Council is responsible for petroleum and natural gas policy-making, including contract review. It also sets broad policies for the Saudi Arabian state-owned oil-company, Saudi Aramco Members of the Supreme Council are drawn from both government and the private sector

References

  1.  "Kingdom of Saudi Arabia Ministry of Petroleum and Mineral Resources Website"
  2.  "SAMIRAD, the Saudi Arabian Market Information Resource Website"
  3.  "EIA Country Analysis Brief: Saudi Arabia"
  4.  "Saudi Aramco Webiste"