Top 3 Crude Oil Buying and Selling Companies in Saudi Arabia

What citizens are most searching for are companies that buy and sell crude oil in Saudi Arabia. This is because investing in oil and petroleum stocks is an important form of bond that you can access through oil companies located in the Kingdom of Saudi Arabia and also international ones. Therefore, we present the companies that either sell or even buy crude oil below.

Crude oil buying and selling companies in Saudi Arabia

1. Trafigura

Trafigura is one of the leading crude oil trading companies in Saudi Arabia. The company buys and sells barrels of oil, and transports them efficiently.

In addition, it always seeks to develop logistics services, both at the service and performance levels.

Trafigura, on the other hand, has become a leader in the metals and minerals trading industry, working with companies specializing in mining, smelting, metal fragmentation, and the like.

The company's services include an excellent, integrated service, as well as a dedicated service to improve competitiveness. It also has strong financial resources and effective risk management.

How to contact Trafigura

• Company Address: Riyadh, Saudi Arabia

2. Saudi Aramco

The company has become one of the leading oil buyers and sellers in Saudi Arabia, and its shares have become worth approximately the entire value of all listed companies in the Arab world.

Saudi Aramco also sought to establish a new headquarters, and was able to do so. The new headquarters was located in one of the company's regional centers in the United States.

How to contact Saudi Aramco

• Company Address: G5RF+JPJ, Arafat Street, Al Andalus, Jeddah 23324, Saudi Arabia
•  Tel: 9668007549999

3. Chevron Saudi Arabia

It is one of the leading crude oil buying and selling companies in Saudi Arabia, and a pioneer in this field. It has also become a leader in energy and technology, in addition to owning numerous branches spread across the world.

Saudi Arabian Chevron operates under the brands Chevron, Texaco, and Caltex, making it one of the leading crude oil buyers and sellers in the country.

How to contact Chevron Saudi Arabia

• Company Address: Middle East Commercial Center, Custodian of the Two Holy Mosques Road, Workers City, Al Khobar 34443, Saudi Arabia
• Tel: 966138645104

Crude oil and its derivatives buying and selling company

Companies that buy and sell crude oil and its derivatives have spread around the world. The best of these companies are:

1. Exxon Mobil Corporation
2. Shell Company
3. PetroChina
4. TotalEnergies
5. Italian company Eni

Oil refining in Saudi Arabia

Oil refining is a part of the process of processing crude oil, extracting the desired product, and then converting it into products suitable for consumption.

Refining is the process of separating crude oil from its original components and molecules using fractional distillation. These components are then rearranged to form diverse groups different from those found in crude oil.

As for preparing the oil, it is done by expelling the gases, and then removing the water and salts.

Oil derivatives in Saudi Arabia

Examples of petroleum derivatives in Saudi Arabia include the following:

1. Gasoline

Gasoline is a lightweight substance that flows easily and is widely distributed. However, it can evaporate in a short time. It is made from crude oil and petroleum liquids and is used as engine fuel in vehicles.

2. Kerosene

It is mostly used as a fuel or even a solvent. It is a thin, transparent liquid, and is extracted from coal, oil shale, wood, etc.

3. Diesel

It is a flammable liquid and is used as fuel for diesel engines, which power most freight trucks, trains, buses, boats, agricultural vehicles, construction vehicles, and some cars and small trucks with diesel engines.

4. Asphalt

It is a black substance or may be brown and similar to petroleum. It is obtained from natural sediments, petroleum distillation waste, or compounds formed from hydrogen and carbon.

5. Butane gas

It is colorless but has an odor similar to natural gas, and is highly flammable and explosive.

6. Lubricating oils

It is used to reduce friction, heat, and wear between mechanical components that come into contact with each other.

How many oil refineries are there in the Kingdom?

The Kingdom of Saudi Arabia has over 270 oil refineries, distributed throughout the country. It also produces large quantities of petroleum products and exports oil to international terminals.

The largest oil refineries in the world

1. Ruwais Refinery: It is located on the Arabian Gulf coast of the United Arab Emirates.
2. Al-Zour Refinery: Located in the State of Kuwait
3. Aramco Refineries: In Saudi Arabia
4. Duqm Refinery: in the Sultanate of Oman
5. Laffan Refinery: Located in Ras Laffan Industrial City in the State of Qatar

What are the oil companies in Saudi Arabia?

1. Falak Company
2. Golden Oils Company
3. Din Solar Company
4. Ideal Vision Factory Company
5. Al-Joqa Industrial Company
6. Nawader Tay Trading Company

Which oil refineries are in Saudi Arabia?

1. Ras Tanura Refinery
2. Yanbu Refinery (Yasref)
3. Jubail Refinery (SATORP)
4. Rabigh Refinery
5. Yanbu Samref Refinery
6. Riyadh Refinery

Crude oil processing

This is the final process, which can be physical or chemical. There are many chemicals used in the purification process, including caustic soda solution, which is used to purify butane and gasoline from hydrogen sulfide, as well as sulfuric acid.

In addition to getting rid of hydrogen sulfide, it has a foul odor and quickly turns into sulfite, which causes corrosion of machinery and equipment. To get rid of it, you can use a caustic soda solution if the percentage is low, while if the percentage is high, you use an H2S absorbent liquid.

petroleum products

They are materials with many uses, as they are derived from crude oil, and are used to produce energy in various forms, whether fuel oil or gasoline.

Oil companies in Saudi Arabia

1. Grey Wolf Saudi Oilfield Services Co. Ltd. Address: Al Taawun, Al Khobar 34632, Saudi Arabia
2. Al-Khareef Petroleum Company Address: 6XHM+54F, 615, 2nd Industrial City, Dammam, Dammam 34334, Saudi Arabia
3. Saudi Aramco Riyadh Refinery Address: GVFF+W2C, Refinery, Riyadh 14526, Saudi Arabia

It's important to note that oil is one of the world's most important energy sources. This is because it is used in many industries and has become a highly sought-after financial asset. Therefore, we've learned about companies that buy and sell crude oil in Saudi Arabia.