About SATORP
SATORP is a company based in Al Jubail (Saudi Arabia) founded in 2008 was acquired by Aramco in June 2010. It operates as a B2B2C, and Reseller / Distribution. SATORP offers products and services including Diesel, Gasoline, Jet Fuel, Benzene, and Paraxylene. SATORP operates in a competitive market with competitors including ADNOC, NOVATEK, CNX Resources, Lucid Energy and CNOOC, among others.
- Headquarter Al Jubail, Saudi Arabia
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Saudi Aramco Total Refining And Petrochemical Company
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Products & Services of SATORP
SATORP offers a comprehensive portfolio of products and services, including Diesel, Gasoline, Jet Fuel, Benzene, and Paraxylene. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Diesel is produced as a key transportation fuel.
Gasoline is manufactured in three exportable grades.
Jet fuel is made for aircraft and heating.
Benzene is used as a chemical precursor product.
Paraxylene is utilized in producing polyester materials.
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Funding Insights of SATORP
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SATORP
SATORP has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Aramco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Aramco is recognized as a leading producer of energy and chemicals globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by SATORP
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SATORP
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Satorp Comparisons
Competitors of SATORP
SATORP operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ADNOC, NOVATEK, CNX Resources, Lucid Energy and CNOOC, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of natural gas & oil distributor, processing, and refining services
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| domain | founded_year | HQ Location |
Oil and gas exploration, production, and services are provided.
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| domain | founded_year | HQ Location |
Provider of natural gas exploration, production, and transmission services
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| domain | founded_year | HQ Location |
Natural gas is gathered, processed, and transported by Lucid Energy.
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| domain | founded_year | HQ Location |
Provides crude oil and natural gas exploration and processing services.
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| domain | founded_year | HQ Location |
Oil and gas exploration and refining services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Satorp
Frequently Asked Questions about SATORP
When was SATORP founded?
SATORP was founded in 2008.
Where is SATORP located?
SATORP is headquartered in Al Jubail, Saudi Arabia. It is registered at Al Jubail, Eastern Province, Saudi Arabia.
Who is the current CEO of SATORP?
Sulaiman Albabtain is the current CEO of SATORP.
What does SATORP do?
SATORP, a joint venture between Saudi Aramco and TotalEnergies, is established as one of the most advanced refineries globally, with a capacity to process 465,000 barrels per day of Arabian Heavy Crude. Located in Jubail Industrial City, Saudi Arabia, the company is focused on producing a wide range of petroleum and petrochemical products, including diesel, gasoline, jet fuel, benzene, and paraxylene. Operations are conducted with a strong emphasis on health, safety, and environmental standards. Currently, a petrochemical complex is being constructed to integrate with the existing refinery, enhancing operational synergy and sustainability through technologies like plastic recycling and CO2 emission reduction. The company serves both regional and international markets, contributing to the energy sector while supporting economic growth and job creation in Saudi Arabia.
Who are the top competitors of SATORP?
SATORP's top competitors include ADNOC, NOVATEK and OMV Petrom.
What products or services does SATORP offer?
SATORP offers Diesel, Gasoline, Jet Fuel, Benzene, and Paraxylene.
Who are SATORP's investors?
SATORP has 1 investor. Key investors include Aramco.