The domain name JHAH.com was sold by BuyDomains.com, in June on Afternic.com for 3,888 probably on a Buy It Now basis.
Today the whois on the domain name updated and the buyer is the world’s #1 oil producer, the Saudi Arabian Oil Company.
Saudi Arabian Oil Company according to Hoovers.com, is “the king of oil, and the world’s #1 oil producer, supplying more than 10% of global oil demand.
“In 2012 the company had oil reserves of 260 billion barrels (the world’s largest); it also owned 283 trillion cu. ft. of natural gas reserves (the fourth largest in the world). ”
“It operates refineries, markets oil internationally, and distributes it domestically. Saudi Aramco owns a fleet of oil tankers and invests in refineries, marketing, and distribution ventures in other countries, including China, Japan, South Korea, and the US.”
The domain name is going to a MarkMonitor.com placeholder.
Needless to say if the company really wanted this domain name they had the funds to pay slightly more and certainly six figures.
You may recall that the domain name Dudu.com sold for $1 Million dollars last year.
Would the world’s largest oil producer have spent $1 million for Jhah.com?
Guess we will never know.
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