Aramco subsidiary moves HQ to The Hague.Byline: Dubai Dubai (d  bī`), sheikhdom (1995 pop. 674,101), c.1,500 sq mi (3,890 sq km), part of the federation of seven United Arab Emirates, SE Arabia, on the Persian Gulf.
Aramco Aramco in full Arabian American Oil Company Oil company founded by the Standard Oil Co. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession. Other U.S. companies joined after oil was found near Dhahran in 1938. Overseas Company (AOC AOC, n an acronym for the Aromatherapy Organizations Council. ), subsidiary of Saudi Aramco Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production. , is moving its headquarters back to The Hague in the Netherlands from Leiden from where it has been functioning for nearly 25 years. This move sees the return of AOC to its base, The Hague, from where it began operating in 1952. "Saudi Aramco has shared a rich history with the Netherlands dating back to over 55 years," said said Patrick Polman, director Gulf region of the Netherlands Foreign Investment Agency (NFIA NFIA National Families In Action NFIA Niagara Falls International Airport NFIA National Flood Insurance Act of 1968 ). "AOC wanted to expand its operations and has been considering several locations, within the Netherlands but also outside our borders. We are very pleased that AOC eventually decided to stay in our country and move back to The Hague," he added. "AOC's decision to return to its original home augurs augurs Roman officials who interpreted omens. [Rom. Hist.: Parrinder, 34] See : Prophecy well for the company, because there are already a large number of oil companies in The Hague. More importantly, we expect the move will also benefit Dutch businesses, as AOC is a major operator with diverse activities spanning the globe." "Operating from The Hague will bring logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation efficiencies and proximity to our business partners and suppliers, especially oil companies," said Ahmed Alzayyat, managing director of AOC. "Moreover, The Hague's service industry enjoys a high reputation and the city is renowned for efficiently catering to expatriates' needs." The new AOC headquarters will be located at the Scheveningseweg in The Hague. AOC operated from The Hague for 30 years before it decided to move its base operations to Leiden in 1984. The Netherlands proved to be an invaluable country with diverse resources that assisted AOC to run its business with the highest efficiency. The excellent transport links meant AOC could import and export its goods freely and effectively through the Rotterdam port, one of the largest ports in the world. -- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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