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Our History

APSCO is a business founded on a sense of purpose, and our unique heritage still shapes the way we do business today.

 

Company History
 
1960
Established as a joint stock company.

The Arabian Petroleum Supply Co. SA (APSCO) was established as a joint stock company by shares in partnership with Mobil Corporation.

Company History
 
1960
Agreement between HAACO and Socony Vacuum Mobil Oil Inc.

Formation of joint owned company to distribute lubricants in the Kingdom and to refuel airplanes at Jeddah Airport.

Company History
 
1961
A Memorandum of Association 

A Memorandum of Association for the establishing of the Arabian Petroleum Supply Co. (APSCO) was signed between: HACCO and Mobil investment. HACCO owns 51% and Mobil investment owns 49% shares of the company.

Company History
 
2007
Agreement signed between HAACO and ExxonMobil

HAACO bought ExxonMobil stake in APSCO and as of January 1st 2007, APSCO ownership became 100% Saudi owned.

Company History
 
2008
The Joint Inspection Group (JIG)

APSCO becomes a member of the Joint Inspection Group (JIG) which was formed to administer the schedule of inspections, to meet twice a year to review inspection report recommendations, to approve amendments to the Joint Guidelines, and to update the joint facilities inspection form in line with Joint Guidelines.