Chevron is the only large international energy company with a continuous upstream presence in the Kingdom of Saudi Arabia spanning more than seven decades. We are engaged in a wide range of petroleum-related interests in the kingdom, and we work closely with Saudi Aramco, the state-owned national oil company, as well as private firms.
We put special emphasis on projects that provide high-level employment opportunities, professional training and exposure to new technology.
The company also conducts exploration and production activities in the onshore Partitioned Neutral Zone (PNZ) on behalf of Saudi Arabia. The PNZ is located between Saudi Arabia and the State of Kuwait. Petroleum and mineral resources in the PNZ are jointly shared by the governments of Saudi Arabia and Kuwait.
Chevron Phillips Chemical Company LLC (CPChem) and the Saudi Industrial Investment Group are partners in Saudi Chevron Phillips Co., a $650 million petrochemical plant at Al Jubail. A second company, Jubail Chevron Phillips, is operating a $1.3 billion petrochemical facility adjacent to and integrated with Saudi Chevron Phillips. The facility began operation in October 2008. A third company, Saudi Polymers Company, is currently building a $5.2 billion plant that is designed to produce a range of basic chemicals.
Updated: March 2009