Saudi Aramco Review 2016

The Saudi Vision 2030 would see state oil giant Saudi Aramco assume full authority over its 12 million barrels per day of production capacity, but would seemingly free it of any obligation to balance oil markets...






New discoveries and reserves maintained Saudi Aramco’s crude oil reserves at 261.1 billion barrels. Total gas reserves rose to 297.6 trillion scf and the oil giant discovered three new fields giving a fillip to it exploration programmeFor Saudi Aramco, sustaining a commitment to excellence means...






Saudi Aramco plans to nearly double its supply of gas over the coming decade to more than 20 bscfd, taking clean gas to more than 70 per cent of its utilities fuel mix – among the highest rates in the world...






The building blocks of many of today’s consumer and industrial products are contained in crude oil and gas – and Saudi Arabia is fortunate to possess both...






Aramco is planning anchor projects such as the Ras Al Khair Maritime Yard to kick-start the creation of entire industries through single, major development projects...






Industrial expansion will require much more gas – a commodity already in short supply amid struggles to supply households as well as industry. The shortages get worse during the hot summers when up to 900,000 barrels of oil have to be burned...






The Dow Chemical Company recently became the first company to receive a trading licence from the Government of Saudi Arabia, allowing 100 per cent ownership in the country’s trading sector, expanding Dow’s long history of partnership and investment in the kingdom...






Sustained investments in developing its people are essential to its future success as Saudi Aramco enters new business sectors and industries, and as it creates and deploys new technologies across a wide spectrum of industries...






In a major milestone, Aramco launched a pilot programme to capture CO2 and inject it underground to enhance oil recovery. The national oil company also worked to improve wastewater management and preserve groundwater resources...






Saudi Aramco bases its citizenship role on the economy, knowledge, and the environment — broad areas where it believes it can make a positive impact on the Saudi society and create everlasting value to the economy at large...






With oil prices still hovering in the $40s per barrel, one of the main priorities for the kingdom this year is to boost production of higher-value petroleum productsJust over four months after the government decided to hike their feedstock prices as part of efforts to overhaul the economy and curb...






Saudi Aramco’s unwavering dedication to pursue breakthrough technologies and generate innovative ideas is a cornerstone of its commitment to help build a secure energy future in the kingdom, and for people around the world...






The turbine draws on the Industrial Internet platform by analysing tens of data points every second to achieve higher levels of energy output...






Saudi Aramco has signed several contracts to help it build the SR50 billion ($13.3 billion) Fadhili gas processing complex that will boost the kingdom’s overall gas production to meet soaring domestic requirements and support the development of new industries, the state oil giant says...






If the expansion is green-lighted, it will support Saudi Arabia’s postponed mission to become the world’s second-largest exporter of crude products...






The company’s high-tech facilities and multi-faceted staff in sales and marketing offer the best to its valued customers by promoting its product line and after sales...






Saudi Arabia’s crude oil output hit an all-time high of 10.673 million barrels per day (mbpd) in July, according to the Opec kingpin’s latest submission to the group, which has nudged up its 2016 global oil demand growth forecast by 30,000 bpd...






The company is highly specialised in providing to the oil and gas sector lifting equipment solution services, spare parts attachment rental and sales...






Saudi Aramco is taking full advantage of the steep discounts on offer from oil-field service providers to revive several projects that have taken a back seat amid low oil prices, industry sources say...






The key bone of contention for Lukoil was how to monetise the gas, which it would have had to sell to Saudi Aramco for a fixed domestic price...






The company, a major supplier of carbon and stainless steel pipes, fittings, flanges, sheets, valves, plates, bars and tubes, has thus understood the challenges, repositioned itself and is now ahead with the required level of readiness...






The bi-annual event, established 20 years ago, incorporated a four-day high level conference organised by a committee of NOCs, IOCs and major service providers spearheaded by Kuwait Petroleum Corporation and Saudi AramcoMore than 3,500 refining and petrochemicals industry professionals from 30-plus...






The Limited 5 plan commenced with the development of an exclusive residential apartment building with a commercial shopping front on the ground floor known as ‘Waterbay’. It is situated in the prime location of Bahrain Bay facing the Four Seasons HotelThe privately-owned real estate investment...






The conference will provide a platform for networking across the streams of operators and owners as well as product and service providers to meet and understand constantly evolving trends, technologies, products and solutions to the challenges...






The company, one of the most trusted names in the GCC, makes pallets from polypropylene (thermo-plastic) injection moulded materials and are available in different sizes with high racking and dynamic load capacity...






The fully Saudi-owned company serves customers through a network of six fully equipped depots located on the doorsteps of major upstream and downstream oil and gas facilities in the Eastern, Western and Central Provinces...






The firm, which was started in 1994 under the Saudi Binladin Group, is is involved in some of the most prestigious industrial projects in Saudi Arabia, spanning engineering, procurement, construction, commissioning and start up services...






The company’s supply history shows that 74 per cent of carbon steel pipes supplied were for the oil and gas industry while 22 per cent were for water usage and the remaining for other purposes...






Satorp awarded the firm contracts that include the supply of mechanical seals, supply of operational mechanical seal spares, as well as a service contract for the maintenance of over 55 per cent of the refinery seal population...






The company, which has a production capacity of 14,500 metric tonnes per year (tpy), is maintaining the highest standards of production results with optimum product performance which requires stringent and consistent quality control procedures...






The company’s Intergraph SmartPlant Enterprise offers a powerful portfolio of industry-leading, best-in-class design and data management solutions, enabling companies to capture integrated engineering knowledge...






GGlobal Suhaimi was incorporated in 1976 as a Saudi-Foreign joint venture specialised in coatings applications. Over the years since then, its highly-skilled, multi-national workforce performed in full compliance with the original group quality system and later adopted ISO 9001:2000 quality...






The company says it has a good reason to look towards the future with a sense of optimism as the management team is currently assessing the possibility of future expansions to cope with a growing level of demand from the Saudi Arabian market...






As the company continues to expand in the Eastern and Western Provinces, providing mobile engineering teams for the offshore and major industrial companies onshore, it also has won several major industrial projects in 2016...






The company has evolved in many ways over these many decades, always looking to improve its efficiency, on the surface costs, and safety for its customers. Those improvements include innovations in glass technology, glass production, and fabrication Despite falling oil prices adversely affecting the...






The VariAS-Blocks by AS-Schneider are used in chemical plants and the oil and gas industry among other applications. The pressure must be continuously monitored and measured in the pipework used there...






The company will continue to expand its capabilities and work closer to its customers to enable it to be more responsive to their needs, and invest in resources to better deliver capital projects that require compressed schedules...






Zamil’s new Dammam shipyard was commissioned in April 2015 and by the addition of this brand new yard, the company’s new subsidiary, Zamil Shipyards, now manages and operates three shipyards – two in Dammam and one in Jeddah...






With 10,000 sq m of covered warehouse space and 5,000 sq m of paved storage area in each of its three warehouses in Riyadh, Jeddah and Al Khobar, the firm carries a substantial inventory of electrical, industrial and instrumentation products...






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