Gas Prices

Sent to me by a friend,

If they are equal partners than why are we still paying so much for gas? One would believe that Exxon is already gleaning 50% of the profits by selling the oil back to itself in the US. Plus the fact that as the worlds largest producing and exporting company they would have a say as to the cost of a barrel of crude.





About Saudi Aramco Mobil Refinery (SAMREF)

SAMREF is an equally owned joint venture between Saudi Arabian Oil Company (Saudi Aramco) and Mobil Yanbu Refining Company Inc. (a wholly owned subsidiary of Exxon Mobil Corporation).

Saudi Arabian Oil Company (Saudi Aramco) is the worlds largest oil producing and exporting company and was established by Royal Decree in 1988 to assume the responsibilities of its predecessor, Aramco that has a history dating back more than 70 years.

Exxon Mobil Corporation is a global energy company with a history dating back more than 132 years and which conducts business in 140 countries on every continent throughout the world.

SAMREF is a complex refinery which was formed for the development, construction, ownership and operation of crude oil refining facilities in Yanbu, Saudi Arabia. Following the construction and start-up of the facilities, it commenced operations on November 15, 1984.