Aramco ExPats

Category Archive: Pipeline

Al-Ayyam Al-Jamilah – Fall 2015

1 December 2015 | comments (0) | Al-Ayyam Al-Jamilah | by

Al-Ayyam Al-Jamilah is a twice-yearly magazine distributed to retired employees and adult children of the Saudi Aramco Enterprise. Much of the content is compiled from letters, articles, news clippings and photos submitted by its readers.

The magazine often includes historic photos that shed light on life in the Saudi Aramco community during the early years. It also includes articles prepared by retirees touching on their past and the company’s history. One issue annually features the Saudi Aramco Annuitants Reunion, held every year since 1958. Other retiree reunions and gatherings of offFall are also covered.

Al-Ayyam Al-Jamilah – Fall 2015

King Salman ibn Abdulaziz Al Sa‘ud received Myles Jones, the son of early Aramcons Murlin and Twila Jones, at an audience with Aramcons during his inaugural visit as king to Washington, D.C., on Sept 5. The king met President Barack Obama on Sept. 4, underscoring close Saudi-U.S. leadership ties dating back to the meeting between King Abdulaziz and President Franklin D. Roosevelt in 1945.

Click Here to Download Al-Ayyam Al-Jamilah – Fall 2015

Al-Ayyam Al-Jamilah – Fall 2015

Saudi Aramco Launches ‘Local Content Development’ Supplier Initiative

1 December 2015 | comments (0) | Saudi Aramco News | by

Saudi Aramco Launches ‘Local Content Development’ Supplier Initiative

Saudi Aramco today launched its In-Kingdom Total Value Add (IKTVA) program, aimed at increasing investment, economic diversification, job creation and work force development within the Kingdom of Saudi Arabia.

The IKTVA program launch event was presided by HRH Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province; H.E. Dr. Tawfiq Al-Rabiah, Saudi Arabia’s Minister of Commerce and Industry; and H.E. Abdullatif Al-Othman, Governor of the Saudi Arabian General Investment Authority.

Amin H. Nasser, President and CEO of Saudi Aramco said: “IKTVA is a step-change in our commitment to local content development that is now required across our domestic and international supply chain.” He added: “Sourcing a majority of materials, goods and services that we require locally will enable Saudi Aramco to, not only embed greater competitiveness and efficiency in our operations, but will also help us fulfil our potential in support of the Kingdom’s growth, job creation and economic diversification objectives.”

“IKTVA will create win-win, mutually beneficial partnerships between Saudi Aramco and our suppliers. The scale of our diversified energy business and associated capital expenditure programs clearly create significant opportunities for those suppliers ready, willing and able to invest in Saudi Arabia and partner with Saudi Aramco on a long-term, sustainable basis.”

IKTVA is underpinned by mandatory ‘local content development’ of suppliers and contractors that prioritizes the purchase of goods and services from a local supplier base. Three critical objectives guide the program: doubling the percentage of locally-manufactured energy-related goods and services to 70% by 2021; helping raise the export of Saudi-made energy goods and services to 30% over the same time frame; and, creating direct and indirect jobs within the energy related sector for a growing and talented Saudi population.

Vice President of Materials Supply, AbdulKarim Abdulaziz, said: “The IKTVA program will help make our supplier relationships more strategic, mutually beneficial and focused on long term value creation. The initiative will help recognize the full value and potential that all our suppliers can bring to the table. Our goal is to create a win-win, more formal and systematic mechanism that puts everyone on an equal footing and increases competition to drive growth.”

IKTVA will provide a level playing field for domestic and international suppliers though greater consistency and increased transparency in application and process. Uniform evaluations for both service and material suppliers will be consistent across the company, providing investment stability and assurance. The program will first establish a 3-year baseline score for each supplier measured against key metrics for local content and value creation. After this, Saudi Aramco and each supplier will jointly develop an IKTVA action plan to increase the IKTVA score and impact. Performance will be tracked and measured on an ongoing basis. 

A new function – the Industrial Development & Strategic Development Supply Department – has been created within Saudi Aramco Materials Supply to champion and integrate the IKTVA program and optimize the supply chain. Nassir Al-Yami, Manager, Industrial Development & Strategic Supply Department said: “Through IKTVA we can and will do much more to deepen our local manufacturing and supply chain capabilities. We are encouraging a local supply chain that has deep roots here in the Kingdom and is committed to being part of our future success.”

The IKTVA program was developed after consultation with representatives from Saudi Aramco’s major supply sectors. The IKTVA program takes effect immediately and applies to all international and domestic suppliers, including manufacturers and service providers.

Aramco and KAUST Workshop on Red Sea Exploration

30 November 2015 | comments (0) | Saudi Aramco News | by

Saudi Aramco – King Abdullah University of Science and Technology (KAUST) workshop on technical challenges to exploring the Red Sea drawing more than 100 participants from Saudi Aramco’s Exploration organization and academics and laboratory directors from KAUST, highlighting the strong scientific collaboration between the two parties.

Tremendous efforts are made by the company for a holistic understanding and evaluation of a large underexplored area. Rough sea-floor topography and complicated geology under thick salt deposits make the Red Sea one of the most intriguing areas for hydrocarbon exploration in the world. A particular challenge is to preserving the fragile balance of the Red Sea’s pristine ecosystem.

In the opening remarks, vice president of Aramco’s Exploration Department, Ibraheem M. Assa’adan, said: “We think the Red Sea is a key, underexplored region that has the potential to meet the Western Region’s demand for oil and gas, but there are special technical challenges. This is where the relationship with KAUST comes in. It is a partnership in which we can achieve common goals of advancing our knowledge of technologies and developing the full potential of the Red Sea’s resources to meet local demand.”

Topics during the workshop included seismic and sub-salt imaging technologies; visualization and supercomputing; rift, crust, and mantle models that shaped up the Red Sea; active faults and volcanism; bioactivity; heat flow and hydrocarbon seeps in the Red Sea; and integrated observations of ecology.

PT Pertamina and Saudi Aramco Ink HoA for Refinery Upgrading Project in Indonesia

26 November 2015 | comments (0) | Saudi Aramco News | by

Amin Nasser, President and Chief Executive Officer of Saudi AramcoAmin Nasser, President and Chief Executive Officer of Saudi Aramco

In the presence of Indonesian Vice President Muhammad Jusuf Kalla; Indonesia’s state-owned PT Pertamina and Saudi Aramco, the state-owned oil company of Saudi Arabia, have signed a Heads of Agreement (HoA) to formalize key business principles for joint ownership, operation and upgrade of the Cilacap Refinery located in Central Java, Indonesia as part of Pertamina’s Refinery Development Master Plan (RDMP). The signing was held during the Vice President’s inauguration of the newly commissioned Residual Fluid Catalytic Cracking (RFCC) facility at the Cilacap Refinery, and the kick off of the Blue Sky project, both of which are designed to produce higher quality gasoline.

Also present were ministers from the Indonesian cabinet; the Saudi Arabian Ambassador to Indonesia Mustafa Al Mubarak; President and Chief Executive Officer of Saudi Aramco Amin H. Nasser; and President Director and Chief Executive Officer of PT Pertamina Dwi Soetjipto.

The proposed Cilacap Refinery upgrade will enable the refinery to process more sour crudes, meet high quality product specifications (Euro IV) and produce basic petrochemicals and lubricant base oils. The capacity expansion to 370 MBD will help Indonesia meet its increasing demand of refined products, lubricant base oils and petrochemicals. The agreement includes a long-term supply agreement for Arabian crudes to Cilacap refinery.

This HoA will pave the way for the next phase of development within the scope of collaboration between the two parties. The Basic Engineering Design Study for the Cilacap refinery upgrade is expected to commence soon and be completed by 2016.

RDMP is part of Pertamina’s mission as a national energy company to produce and market fuel products for Indonesia. RDMP will increase the competitiveness of Indonesia’s refineries while increasing domestic supply security.

“Indonesia is a rising powerhouse in the global economy, and has long deep rooted trade and cultural ties with Saudi Arabia. It’s refining sector has enormous potential, and with Indonesia’s fast-growing demand for refined products, Saudi Aramco’s role in Cilacap can help fuel this country’s coming era of development and prosperity,” said Amin Nasser, President and Chief Executive Officer of Saudi Aramco at the signing ceremony.

Participation in the RDMP will offer Saudi Aramco a major growth component of its global Downstream expansion portfolio aspiration, designed to make Saudi Aramco the world’s leading integrated energy and chemicals company. The investment would take place within a high growth petroleum demand in South East Asia which has been earmarked in the company’s downstream strategy.

In July 2014 Pertamina offered Saudi Aramco and other strategic partners the opportunity to participate in its RDMP to upgrade and expand five existing domestic refineries (Cilacap; Balongan; Dumai; Plaju; and Balikpapan) from 820 MBD of aggregate processing capacity to 1,680 MBD

Saudi Aramco was selected by Pertamina as a strategic partner for three of the five refineries: Cilacap and Balongan in Java; and Dumai in Sumatra.

Saudi Aramco signed a MOU on December 10, 2014 giving the company exclusivity to conduct a feasibility study jointly with Pertamina for the three refinery expansions and negotiate key business principles.

About PT Pertamina

Pertamina is Indonesia’s state-owned integrated oil and gas company. We are committed to an ongoing process of transformation and continuous improvement that will lead to our achieving global standards of operational, environmental, and corporate performance. As a national oil company, we are committed to balancing profitable performance with our public service mandate. Pertamina has 57 years of experience in the challenging geological environment of Indonesia, were pioneers in the development of Liquefied Natural Gas (LNG) and now have operations in six countries.

Our businesses include the exploration and production of oil and gas; the refining, manufacturing and marketing of oil products and petrochemicals; and the development of biofuels, geothermal power and other sustainable alternative energy sources.

Pertamina has operations and facilities throughout Indonesia. Pertamina’s employees serve the energy needs of over 240 million Indonesians.

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