1970 – Company’s first 1 million barrel crude storage tank is completed at Ras Tanura.
1971 – Crude oil production increases by more than 25 percent over 1970, averaging 4.5 million bpd.
1971 – Saudi Arabia is recognized by the international petroleum press as the leading oil-exporting nation in the world.
1972 – Crude oil production increases by more than 25 percent over 1970, averaging 4.5 million bpd.
1973 – Government acquires a 25 percent participation interest in Aramco.
1974 – Tankers load at Ju‘aymah, newest Arabian Gulf oil-shipping terminal. Government participation interest in company increases to 60 percent.
1975 – Government asks Aramco to design, build and operate Master Gas System.
1976 – Aramco becomes only company in world to produce more than 3 billion barrels of crude oil in a single calendar year.
1976 – A Royal Decree creates the Saudi Consolidated Electric Company (SCECO) by unifying Aramco’s electrical network and 26 private power companies in the Eastern Province. The Saudi Government reaches an agreement with Aramco to develop, manage and operate SCECO for five years.
‘It was very exciting. Going across Saudi Arabia we had to drill our own wells for water supplies and build our own roads for transportation especially in the West.’
saleh Redaini,on the construction of the NGL Pipeline,begun,in late 1978
The 1970s were a decade of explosive growth and development for Aramco and the Kingdom. These were years of the biggest growth in the company’s operations since the post World War 2 boom. The Kingdom burst into the ’70s as the single most important source of potential oil production in the world, and one of the four top oil producers. Oil production rose 70 percent from 1972 to 1974. Average daily crude production reached the rate of 8.2 million barrels of oil per day by 1974. In 1976, Aramco was the only company in the world to produce more than 3 billion barrels of crude oil in a single year.
1977 – King Khalid ibn ‘Abd Al-‘Aziz inaugurates the Berri natural gas liquids (NGL) center, to be integrated into the Master Gas System.
1978 – Qurayyah Seawater Treatment Plant begins to supply approximately 3.7 million bpd of treated seawater for injection into the Ghawar field to enhance oil recovery
1979 – Aramco becomes the world’s largest producer of natural gas liquids.
Date harvest. Qatif, 1974. Photo by: Dorothy miller
Hamad Ali Najrani a geologist in Aramco’s Exploration department, Dhahran, January 1970. Photo by: S. A. Al-Ghamidi
Topography spring water, Asir, 1972. Photo by: A. M. Al-Khalifa
Village houses in South West Saudi Arabia. Abha, June 1972. Photo by: Sa’ida. Al-Ghamidi