petroleum products and aviation fuels
The Arabian Petroleum Supply company (APSCO) is the strategic ally of ExxonMobil in the kingdom of Saudi Arabia
In December 10, 1960, Agreement between HAACO and Socony Vacuum Mobil Oil Inc. to establish a joint owned company to distribute lubricants in the Kingdom and to refuel airplanes at Jeddah airport..
On February 1st, 1961 a Memorandum of Association for the establishing of the Arabian Petroleum Supply Co. was signed between:
Company “HAACO”, which owns 51% of the shares of the company.
Company, “Mobil investment,” which owns 49% of the shares of the company.
Following an agreement signed between HAACO and ExxonMobil on July 19, 2007, HAACO bought ExxonMobil share in APSCO and as of January 1st 2007 APSCO ownership became 100% Saudi