Strategic Partnerships

Technology and innovation

In a challenging environment, no single entity is able to succeed on its own. Partnership enhances our competitiveness and further enables the expansion and strategic integration of our global business.

As our business has grown into new locations and product areas, so too has our network expanded, encompassing other energy makers, engineering companies, service providers, equipment manufacturers, R&D institutions, and universities.

Through our global headquarters in Saudi Arabia, we engage and participate with key national stakeholders, including the King Abdulaziz City for Science and Technology (KACST), King Fahd University of Petroleum and Minerals (KFUPM), and King Abdullah University of Science and Technology (KAUST) in the pursuit of high impact research programs of strategic importance to our operations.

Our participation focuses on initiatives aimed at progressing promising technologies, accelerating our ability to conduct advanced scientific research and promoting both entrepreneurship and the development of new technology enabled businesses.

Around the world, we collaborate with a network of academic and industry research partners, including the Massachusetts Institute of Technology, Stanford University, Imperial College, Tsinghua University, KAIST (the Korean Advanced Institute of Science and Technology), and IFPen on topics related to the global challenge of energy sustainability.

Close view of technology being worked on in a Saudi Aramco research and development center

Aramco Energy Ventures

Aramco Energy Ventures - whose mission is to source and develop relationships with strategically significant and innovative energy technology companies — invests globally in start-up and high-growth companies with technologies of strategic importance to us.

Headquartered in Dhahran and with a presence in North America, Europe, and Asia, in 2017, Energy Ventures made six new investments and piloted five technologies from its portfolio companies.

Specifically in 2013, it made a venture investment in Novomer, to help accelerate the development and commercialization of the Converge® technology.