APSCO

The Arabian Petroleum Supply company (APSCO) founded in 1961, is a leading supplier of aviation fuel and a manufacturer of lubricants and greases under license from ExxonMobil.

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.