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Saudi Aramco Annual Report 2020 Has Certain Borrowings Where the Reference Rate Is Linked to LIBOR
ResilienceResilience andand agilityagility SaudiAnnual Aramco Report Annual 2020 Report 2020 Resilience and agility Aramco’s exceptional past belongs to its future. Our people define our success. Energy has been running in our DNA for generations. We are proud of what we accomplished during 2020. Once again, our resilience shone through. We delivered on our shareholder commitments. And we continued to deliver an uninterrupted supply of energy to the world. Our resilience and agility has built one of the world’s largest integrated energy and chemicals companies. And we are part of the global effort toward building a low carbon economy. Our horizon has never been clearer. This Annual Report covers financial and operational aspects of Aramco from January 1, 2020 to December 31, 2020, and is issued in both Arabic and English. The print version is identical to its PDF counterpart, which is available at aramco.com. The Arabic version prevails in the event of any discrepancy. The images in this document are representative of the services provided by Aramco. Some photos may have been taken prior to the COVID-19 pandemic. Wherever possible, sustainable printing techniques were used. 01 Contents Aramco Risk Chairman’s message ...................................06 Risk management........................................ 92 President and CEO’s foreword ...................08 Risk factors ...................................................94 History .......................................................... 10 1 2020 highlights ........................................... -
Saudi Government Concludes Purchase of Aramco Professional
11/15/2016 1980s 1980s 1980 Saudi government concludes purchase of Aramco The government increases its participation interest in Aramco's crude oil concession rights, production and facilities to 100%, with retroactive financial effect to 1976. Professional Development Program (PDP) established In its first year, the Professional Development Program (PDP) enrolls 400 employees. The program initially enrolls some expatriates but soon shifts its focus to encompass only Saudis. Enrollment in the program fluctuates throughout the decade, peaking at 910 in 1987. The Aramco communities grow quickly in the early 1980s. 1981 Data processing begins at EXPEC Computer Center Data processing begins at the EXPEC (Exploration and Petroleum Engineering Center) Computer Center, one of the world's largest geoscience computing facilities. Scholarships for women We provide the first scholarships to female employees to study at overseas universities. AlHasa Farm begins operations The company's 300acre alHasa Demonstration Farm cultivates 15 new varieties of vegetables and becomes home to new fish and agriculture farming projects. The Exploration and Petroleum Engineering Center is the first facility of its kind in the Middle East. 1982 EastWest Pipelines completed Two pipelines are completed, linking oil production facilities in the Eastern Province with Yanbu' on the west coast. One line transports natural gas liquids (NGL) from Shedgum and the other delivers crude oil from Abqaiq. The two pipelines are the most advanced computermonitored hydrocarbons pipelines ever built. http://www.saudiaramco.com/en/home/about/history/1980s.html 1/4 11/15/2016 1980s Company halts production at Well No. 7 The discovery well, Dammam No. -
Iptc Daily 14 January 2020 the Official Show Daily of the International Petroleum Technology Conference
Under the Patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud Crown Prince, Deputy Prime Minister, and Minister of Defense, Kingdom of Saudi Arabia DAY 2 IPTC DAILY 14 JANUARY 2020 THE OFFICIAL SHOW DAILY OF THE INTERNATIONAL PETROLEUM TECHNOLOGY CONFERENCE IPTC Welcomes A New Energy Era John Donnelly, IPTC Daily Editor he 12th International Petroleum TTechnology Conference (IPTC) opened Monday with a distinguished panel offering its outlook for oil and gas markets in the next year and the next decade. IPTC, which is sponsored by four leading oil and gas associations, is being held in Saudi Arabia for the first time. “This is the first interdisciplinary oil and gas conference to be held in Saudi Arabia,” said Mahmoud M. Abdulbaqi, Chairman of the Board of ARGAS and Chairman of the IPTC Board of Directors. The conference is being hosted exclusively by Saudi Aramco. The opening panel included Abdulbaqi; Mohammed Y. Al-Qahtani, Senior Vice President, Upstream, Saudi Aramco; HE Yasir Al-Rumayyan, Chairman of the Board, Saudi Aramco; and HRH Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, Kingdom of Saudi Arabia. Saudi Energy Minister Al-Saud noted the key contribution his country has made to global oil supply stability. Industry Faces A Range of Challenges in New Year John Donnelly, IPTC Daily Editor Geopolitical and oil supply Darren Woods, Chairman and CEO needs a stable oil market, sustainable defended the actions of the OPEC- uncertainty shadow the oil and gas of ExxonMobil; Patrick Pouyanné, supply and demand growth, plus group against critics who said it industry as it enters a new decade, Chairman and CEO of Total; and predictability, and production that undermined free market economics. -
Vision 2030: Creating Strategic Partnership with Japan Japan Stands Ready to Help Saudi Arabia Implement Its Aramco, While Telecoms Giant Softbank Group Corp
121st year | no. 42,289 ISSN 0289-1956 © THE JAPAN TIMES, LTD., 2017 SAUDI ARABIA FRIDAY, SEPTEMBER 22, 2017 Vision 2030: Creating strategic partnership with Japan Japan stands ready to help Saudi Arabia implement its Aramco, while telecoms giant SoftBank Group Corp. launched a huge technology investment wide-ranging Vision 2030 plan and to reduce the country’s fund in conjunction with the kingdom’s Public Investment Fund (PIF). dependence on oil. Designed to target “meaningful, long-term investments in companies and foundational plat- Japan and Saudi Arabia have a 62-year history of form businesses that seek to enable the next age strong diplomatic, trade and business relations, of innovation,” according to SoftBank, the fund but the signing of the comprehensive investment raised $93 billion in its fi rst major closing in May. and socioeconomic development blueprint Saudi- That impressive sum of capital commitments Japan Vision 2030, in March, signals a new excit- for funding delights Okuda, who feels PIF and ing period as the two countries align to accelerate SoftBank’s Vision Fund sends a very positive sig- economic development in the kingdom. nal to Japanese companies to build links with the Connections between the continental pow- kingdom. erhouses are at an all-time high. Saudi Arabia “Saudi Arabia is a special country, with huge is Japan’s main investment destination in the fi nancial potential,” he says, adding, “In the short IMAGE: Cabinet Public Relations O of Japan) (of the Government ce O Cabinet Public Relations IMAGE: Middle East, accounting for around 70 percent term, it has challenges to overcome, but in the of its investments in the region; bilateral trade medium and long-term, there are tremendous between the two reached a record $56 billion in opportunities for Japanese enterprises. -
Saudi Arabia Reference Projects for Oil & Gas Applications
NEWSLETTER JULY 2012 Saudi Arabia: Remarkable reference projects for oil and gas applications! Since 2010, Ceramic Polymer’s high-performance coating is approved for ”Saudi-Aramco-Standards”! More than 20% of the global crude oil is located under Saudi sand. The state-owned enterprise ”Saudi Aramco” is the biggest oil production company worldwide. Beside further 100 oil and gas fields, ”Saudi Aramco” owns with the ”Ghawar oil field” the largest oil reservoir and holds therefore the largest proven oil reserves of 260 billion barrels. By several subsidiary companies, amongst others the major tanker fleet and various joint ventures in oil and gas industry, ”Saudi Aramco” is the most profitable and valuable corporate group at present times. Coating products have to provide outstanding properties to meet the APCS-Criteria (Aramco Protective Coating System) and get accepted for ”Saudi Aramco” application. Our product CK-54 SF-APCS-2i was tested extensively by research laboratories of ”Saudi Aramco” and was approved for application in accordance with their demanding requirements of the standards APCS-2i, APCS-117 and APCS -28. Specific aspects for the achieved approval were e. g. the excellent chemical resistance at high operating temperatures up to 150°C and the extremely pressure resistance, which was proven by autoclave-tests with explosive decom- Condensate stripper pressions. Qatif – Gas and Oil separation plant #2 More than 300 tanks were already coated with CK-54 SF-APCS-2i! Some of our reference projects in Saudi Arabia: End user Date -
Implications for OPEC and Saudi Arabia? by Dr
02 Executive Summary 05 GIQ Industry Survey Golden Opportunities for Positive Disruption? 22 Power security? Get Creative 06 Ministerial Interview By Adam Sieminski, President, KAPSARC H.E. Khalid Al Falih, Minister of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia 24 Digital Excellence? Curate a New Culture By Michael Train, President, Emerson & 10 Leadership Insights Chairman, Emerson Automation Solutions How the 4th Industrial Revolution Toolbox can Propel the Saudi Vision 2030? 28 Energy Cybersecurity: Think Hackers Out of the Game By Ronnie Rahman, Director of Cyber Security, 14 CEO Insights Honeywell EMEA & APAC Digital Disruption & Integration of Downstream 4.0? 30 To Spur Saudi’s Innovative Spark – Collaborate 18 The Saudi Industrial Revolution 4.0 By Olof Arnman, General Manager, By Dr. Mohammed Al-Majed, Senior Advisor, Saudi Arabia & Bahrain, McDermott International Ministry of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia 32 Circular Economy: Why Should Energy Markets Care? By Mazin Albahkali, President & CEO, GE Power Services, 20 US Shale Revolution Part 2: Saudi Arabia & Bahrain Implications for OPEC and Saudi Arabia? By Dr. Anas Alhajji, Managing Partner, 36 List of participants Energy Outlook Advisors Insights brought to you by: Gulf Intelligence is a strategic communications and research firm effective across the full value-chain of the Middle East Energy Sector. We facilitate knowledge exchange and advance the business interests of national and international stakeholders operational in -
2019 Post Show Report
CONFERENCE: 18 – 21 March 2019 EXHIBITION: 19 – 21 March 2019 BAHRAIN INTERNATIONAL EXHIBITION AND CONVENTION CENTRE SHOW REPORT RECORD ATTENDANCE AT MEOS 2019 The 21st edition of the Society of Petroleum Engineers Middle East Oil & Gas Show and Conference (MEOS 2019) held in Bahrain from 18-21 March attracted a record total of 9,144 attendees, marking a 9.8 per cent increase over the 2017 edition and reaching a new high in the 40- year history of the event. Healthy attendance growth was matched by a 5.2 per cent increase in exhibitor participation numbers at the 12,000 square metre exhibition of upstream oil and gas products and services, which featured 203 companies from 27 countries. The parallel conference took place under the theme Resilience through Talent and Technology Transformation. Over 400 expert speakers reflected on how the industry can meet world energy demand efficiently, responsibly and with maximum value, with a focus on Fourth Industrial Revolution technologies, collaboration, and nurturing the next generation. MEOS 2019 Show Report Quick Facts & Figures 9,144 9.8% 6,494 2,650 total attendees increase on 2017 exhibition visitors conference delegates 27 12,000 203 360 attending countries square metres exhibiting companies papers & e-posters Attendee Breakdown by Region 91.96% GCC 2.45% Americas 2.40% Europe 1.65% Asia 1.04% Middle East 0.47% Africa 0.03% other Saudi Arabia Bahrain Other GCC 62% 23% 7% MEOS 2019 Show Report Exhibitor Feedback 99% 95.2% 80.8% of exhibitors would of exhibitors were of exhibitors would exhibit again in 2020 overall satisfied with recommend the MEOS 2019 show to others “MEOS offers a professional and friendly opportunity to meet both vendors and clients in a variety of ways.” Rafael Dias, Director, Business Development, Halliburton “MEOS has been always one of the top regional events which industry professionals look forward to participating in.” Tamer Elsherif, Technology Project Manager, TAQA “Thank you for such a great experience. -
Facts & Figures 2013
Facts & Figures 2013 2013 Facts & Figures :: 1 :: Energy Is Opportunity :: Saudi Aramco Our business portfolio is being reshaped to meet evolving requirements in our upstream and downstream activities as well as across the Kingdom as a whole. ENERGY IS OPPORTUNITY—IN THE KINGDOM AND AROUND THE GLOBE. Contents 02 WHO WE ARE 08 EXPLORING NEW OPPORTUNITIES :: Energy Is Opportunity :: Saudi Aramco 07 OUR STRATEGY 10 EXPANDING OUR PORTFOLIO 12 RAISING OUR POTENTIAL 14 CITIZENSHIP 16 2013 IN NUMBERS 21 OUR OUTLOOK ABOUT THIS BOOKLET COVER PHOTO OVER THE LAST 80 YEARS, SAUDI ARAMCO HAS This booklet is a statistical compendium of our 2013 Annual Review and includes GROWN TO BECOME A FULLY INTEGRATED, GLOBAL oil and gas reserves and production figures for year-end 2013 as well as other PETROLEUM AND CHEMICALS ENTERPRISE. valuable figures, and a brief summary of key developments. 2 :: Energy Is Opportunity :: Saudi Aramco 2013 Facts & Figures :: 3 Who We Are What We Do The Saudi Arabian Oil Company (Saudi Aramco), Turaif Over the last 80 years, we have grown to become 494 million barrels of refined products and a fully integrated, global the world’s largest integrated energy enterprise. exported 121 million barrels, nearly matching petroleum and chemicals Saudi Aramco manages conventional crude oil our record numbers from 2012. We exported Al Jawf reserves of 260.2 billion barrels and gas reserves 2.5 billion barrels of crude oil in 2013, with 53.8 enterprise, is the state- Tanajib of 288.4 trillion standard cubic feet. percent exported to Asia. owned oil company of the Tabuk Safaniya Jubail Khursaniyah In 2013, we produced 3.4 billion barrels of As a vertically integrated company, we Kingdom of Saudi Arabia. -
Infrastructure Sector: Overview and Commercial Prospects in Saudi Arabian and U.S
2017 INDUSTRY SECTOR REPORT Infrastructure Sector: Overview and Commercial Prospects in Saudi Arabian and U.S. Construction, Real Estate, and Transport www.us-sabc.org Disclaimer The information that is published in this report was analyzed and compiled from sources believed to be accurate and reliable during the time of publication. The U.S.-Saudi Arabian Business Council accepts no liability for any loss or damage resulting from errors or omissions due to human or mechanical error in any part of this report. The U.S.-Saudi Arabian Business Council provides all information without any warranty. © 2017 The U.S.-Saudi Arabian Business Council. All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the U.S.-Saudi Arabian Business Council. Reports are published quarterly by the U.S.-Saudi Arabian Business Council, 8081 Wolftrap Road, Suite 300, Vienna, VA 22182. 2 U.S.-Saudi Arabian Business Council Table of Contents 4 Executive Summary SAUDI ARABIAN MARKET 6 Trends in Contracts 7 Growing Value of Infrastructure 8 Government Infrastructure Goals and Financing 9 Infrastructure Objectives through Vision 2030 and the NTP 10 Government Bodies Involved in the Infrastructure Sector 11 Private Sector Initiatives 12 Oil Revenues and Government Projects 14 Financing 15 Regional Trends in Contracts Awarded 16 Domestic and Foreign Firms Involved in Saudi Arabian Infrastructure 20 Macroeconomic Trends 22 Housing Market 24 Transportation 27 Tourism Construction 29 Building Automation 29 Construction Supply Chain for Raw Materials 31 Labor 33 Real Estate 36 Infrastructure Projects in Energy 39 Industrial Infrastructure Projects 40 Special Projects 41 SME’s 41 Restarting Stalled Projects 42 Construction of Social Facilities 42 Commercial Construction U.S. -
Energy to the World: the Story of Saudi Aramco Volume 2
ENERGY TO THE WORLD: TO ENERGY ENERGY TO THE WORLD: THE STORY OF SAUDI ARAMCO OF SAUDI THE STORY THE STORY OF SAUDI ARAMCO VOLUME 2 VOLUME 2 VOLUME www.saudiaramco.com J ENERGY TO THE WORLD : VOLUME ONE TITLE K VOLUME TWO Energy to the World The Story of Saudi Aramco II ENERGY TO THE WORLD : VOLUME ONE VOLUME TWO Energy to the World The Story of Saudi Aramco Supertankers load crude oil at Ras Tanura Sea Island Terminal in 2003. Contents Copyright First Edition Volume One Volume Two © 2011 by Aramco Services Company Printed in 2011 Preface xi Illustration: Saudi Arabia viii ISBN All rights reserved. No part of this book Illustration: Saudi Arabia xiv 1 National Resources 1 978-1-882771-23-0 may be reproduced, stored in a retrieval system or transmitted in any form or 1 Prospects 1 2 Boom Time 27 Library of Congress by any means, electronic, mechanical, 2 Negotiations 33 3 Transformation 67 Control Number photocopying, recording or otherwise, 200922694 without the written permission of 3 Reading the Rocks 59 4 Rising to the Challenge 99 Aramco Services Company, except by 4 The War Years 93 5 Achieving the Vision 131 Written by a reviewer, who may quote a brief Scott McMurray passage for review. 5 Expansion 123 Appendix 168 6 Growing Pains 153 A. Upstream 170 Produced by The History Factory 7 Balancing Act 189 B. Downstream 184 Chantilly, Virginia, USA List of Abbreviations 215 C. Operations Data 194 Project Coordinators Notes on Sources 216 Company Leadership 204 Theodore J. Brockish, Kyle L. -
Sea Level Activities in the Kingdom of Saudi Arabia a Report Submitted To
Sea Level Activities in the Kingdom of Saudi Arabia A Report Submitted to Thirteenth Session of the Intergovernmental Oceanographic Commission (IOC) Group of Experts of the Global Sea Level Observing System (GLOSS) November 1st, 2013 By Yasser Omar Abualnaja, Ph.D. Red Sea Research Center (RSRC) King Abdullah University of Science and Technology (KAUST) 1 I. Overview: This report gives a brief overview of the sea level activities in the Kingdom of Saudi Arabia in the past two years. Saudi ARAMCO Oil Company has its own network along the Red Sea and the Arabian (Persian) Gulf with limited information. General Commission for Survey (GCS) has established tide gauges network to monitor the sea level in the Red Sea, Gulf of Aqaba and the Arabian (Persian) Gulf. Efforts from two Saudi Universities are still continuing to study the sea level variation. The previous report, which was submitted in 2011, gave a history about the tide gauge deployments in the Kingdom. The report gave a general outline on the local and regional development efforts to measure water levels. The report has also mentioned the regional organizations works on focusing over the conservation and management of the coastal and marine resources of the Arabian (Persian) Gulf and the Red Sea, with little or no interest for monitoring sea level. 2 TABLE OF CONTENTS I. Overview ............................................................................................................. 2 Table of contents ............................................................................................................ -
Alrashed Building Materials Company Since 1950
AlRashed Building Materials Company Since 1950 COMPANY PROFILE Committed to Build Your Future www.alrashedbm.com @alrashedbmco 8001229000 1 TABLE OF CONTENTS 01 Company Profile 03 02 Commercial Registration Certificate 15 03 Chamber of Commerce Certificate 16 04 ZAKAT Certificate 17 05 VAT Registration Certificate 21 06 ISO 9001:2015 Certificate 22 07 Saudi Aramco Vendor Registration Letter 23 08 SABIC Vendor Registration Letter 24 09 SABIC – Hadeed Coils Authorized Dealer Certificate 29 10 SABIC – Hadeed Rebar Authorized Dealer Certificate 30 11 Al-Ittifaq Steel Authorized Dealer Certificate 31 12 DABG Authorized Dealer Certificate 32 13 FERCO Authorized Dealer Certificate 33 14 Swan Timber Authorized Dealer Certificate 34 15 Shahab Authorized Dealer Certificate 35 16 KORINDO Authorized Dealer Certificate 36 17 Steel Products Catalogue 38 18 Wood Products Catalogue 46 19 Miscellaneous Products Catalogue 54 20 Retail Network 56 www.alrashedbm.com @alrashedbmco 8001229000 2 About Us Rashed Abulrahman Al Rashed & Son’s Group [RAR & Son’s Group] was founded by Mr. Rashed Al Rashed, as a result of his far reaching vision and timely recognition of the Kingdom large scale infrastructure development. Al Rashed Building Materials Company (RMBC) that operates under the umbrella of Rashed Abdulrahman Al Rashed & Son’s Group, considered to be the first brick of building the group. RBMC was established in 1950 in the Eastern Province of the Kingdom of Saudi Arabia, as a building materials stockiest/trader. Our dedication and commitment to quality in service and materials made us thrive and build a well-recognized esteemed organization, today our 40 branches supported by highly qualified employees who are experienced in our industry made us the leader in the supply of building materials in the region, and we are diversified in our product profile, and as such we can efficiently serve the contracting, fabrication and manufacturing industries.