Our Story

IECO was founded in 1977 in Jeddah, Saudi Arabia. Today, IECO and its subsidiaries specialize in Bulk Oil Trading , Storage Terminals for Oil & Petrochemicals and Downstream Oil Marketing including Aviation Fueling, Marine Bunkering, Petrol Station Retail Network and Retail and Industrial Lubricants.


Our business philosophy is to invest in efficient and robust energy solutions which are sustainable and positively impact economy and society. We pride ourselves in our human resources for their acumen and skillset which are pivotal in our success.


Our future aspiration comes from Saudi Arabia’s VISION 2030 to excel in our areas of expertise and contribute towards better, sustainable and practical energy solutions for a net zero future that awaits our region and our world.


To be an iconic energy company trusted to grow and make a difference by exploring practical and sustainable value propositions in energy through expertise, passion and performance.



To invest in practical and efficient energy avenues ensuring highest standards of quality, safety and professionalism while creating business growth opportunities in regional markets and beyond.


Our value system is what SETS everything straight for us. SETS is our code of business and fundamental to our progression as an entity. 

Chairman's Message

IECO as a holding company is an embodiment of our values. For more than 45 years, we have achieved sustainable growth without compromising on safety, operational excellence and positive collaborations within our organization and with our valued clientele. Our approach helped us learn and grow not only as a business but as an entity that is making a quantifiable & substantial difference with every passing day.


We believe our human capital is our main asset. Its the people that make up a successful company and we are proud of what we have achieved together as an energy company of talented human resources striving to always improve through our business.


We at IECO are keen to explore new ventures and avenues to grow and succeed together with our partners while contributing towards a net zero sustainable future.


Our passionate journey and commitment continues to make a difference as a responsible energy business.

Dr. Zohair A. AlBakri