User:John Ashton Jr

My interests lie in the financial arrangement that exists between the Saudi government and Aramco and /or other companies that American oil companies have an interest in.

I am a newcomer on this site and I'm having a difficult time finding answers.

In 1950 King Abdul Aziz Ibn Saud made a 50/50 deal with Aramco. Then in 1973 the Saudi government aquired 25% of Aramco and in 1980 aquired 100% paticipation interest, purchasing almost all of the companies assets.

What does "participation interest" and what is "almost all of the assets"?

Now in 2008 Saudiaramco and ConcoPhillips are joining forces in the Yanbu Export Refinery Project where it seems that ConcoPhillips will have a 50% interest.

John Ashton Jr (talk) 21:23, 22 June 2008 (UTC)