Chairman: | |||
October 27, 2021 | Vol. LXXVI, No. 41 | a weekly Aramco publication for employees | |
Saudi-U.S. | |||
relations at | |||
'dawn of a | |||
A record showing at Global Oil Awards | new era' | ||
Expanding our climate goals | |||
See page 4 | See page 2 |
Aramco announces its ambition to achieve net-zero greenhouse gas emissions across its wholly owned operated assets by 2050.
Aramco launches firstSee page 3 retail station in Kingdom
see page 5
Aramco president and CEO Amin Nasser conducts the inaugural pumping of fuel at a new line of service stations in the Kingdom. Nasser was joined by Total CEO Patrick Pouyanné, center, and Yasser M. Mufti, Aramco's vice president of Fuels. (Photo: Ahmed El Itani/MPD)
Scan the QR code to see the JHAH FAQs webpage.
Together we can end the pandemic: Important COVID-19 vaccination update
JHAH is pleased to offer COVID-19booster vaccinations in line with Ministry of Health (MOH) directives. Currently, the booster dose is available to Aramco employees and their eligible dependents aged 60 years or older, who received their second dose at least eight months ago.
COVID-19
Vaccine
COVID2-19Booster
Vaccine Dose
COVID1-19nd
Vaccine
stDose Dose
Download aramco LIFE today to stay informed, and more.
t
October 27, 2021 the arabian sun
Al2 company-Rumayyan:newsSaudi-U.S. relations at 'dawn of a new era'
Washington, D.C. - In a keynote | |||||
address, HE Chairman Yasir O. Al-Ru- | We're moving from a | ||||
at a gala dinner held on Oct. 21 at the | |||||
mayyan congratulated the 75th anniver- | |||||
sary of the Middle East Institute (MEI) | relationship based on | ||||
address, Al-Rumayyan highlighted the | |||||
Ritz Carlton in Washington, D.C. In his | oil to a partnership | ||||
Saudi-U.S. partnership and gave insights | |||||
U.S. partnership on delivering the King- | based on the supply | ||||
long history and bright future of the | of clean energy in all | ||||
transition. | |||||
into how Aramco plans to work with | its forms, a growing | ||||
Founded in 1946, the MEI is a Wash- | |||||
dom's commitments toward an energy | |||||
ington-basednon-partisan think tank | trade in materials, a | ||||
hub for engaging with Middle Eastern | growing exchange of | ||||
providing expert policy analysis, and a | ideas, a partnership | ||||
increase knowledge of the Middle East | |||||
art and culture. The MEI's mission is to | |||||
among citizens of the U.S. and to pro- | resource extraction, | ||||
promotion of regional peace, as well as its contributions to Middle East-U.S. relations, in building a | |||||
mote a better understanding between | During his participation in | the Middle East Institute gala dinner, HE Chairman Yasir O. Al-Rumayyan | based not on | ||
received the Distinguished | Global Leadership Award for 2021. The award recognized Aramco's | ||||
the people of these two areas. | more than eight decades of leadership in economic, social, and cultural development and its | ||||
Attendees at the MEI gala dinner in- | sustainable future. The award also recognized Aramco for its foundation support of local | value creation. | |||
communities, empowerment of women, championing of the arts and education through cross- | |||||
cluded top government officials, diplo- | but on long-term | ||||
cultural dialogue and exchange, and its response to global challenges, such as the COVID-19 | |||||
mats, and policymakers. | pandemic. | ||||
Rich legacy | a period of prosperity and development | as the lowest carbon intensity producer | - HE Yasir O. Al-Rumayyan | ||
In his address, Al-Rumayyan focused | that improved the lives of Saudi citizens, | of energy in the industry, as the King- | |||
on the rich legacy of the Saudi-U.S. part- | and that made Aramco the world's most | dom prepares for a "low emissions fu- | |||
nership. | valuable oil company, Al-Rumayyan add- | ture." | our atmosphere. So, let us make and win | ||
"For me, it's more than just a part- | ed. | In addition to continual improvement | that argument together." | ||
nership," Al-Rumayyan said. "It's a | In his role as Governor of the Public In- | of our industrial processes to reduce | Al-Rumayyan concluded his speech, | ||
friendship, founded on trust and mutu- | vestment Fund, the Kingdom's sovereign | emissions, Aramco is aligned with the | saying that the Saudi-U.S. relationship is | ||
al respect. It is a partnership based on | wealth fund, Al-Rumayyan said the time | Kingdom's Vision 2030 goals, support- | "approaching the dawn of a new era." | ||
common interests and shared goals. A | has come to grow and diversify Saudi | ing the Kingdom's Saudi Green Ini- | |||
common interest in stable global energy | Arabia's private sector beyond oil and | tiative, which will boost investment | "We're moving from a relationship | ||
markets. A shared sense of responsibility | gas, to produce more goods and services | in renewable energy projects such as | based on oil to a partnership based | ||
for a peaceful and profitable world be- | at home, to attract more people into the | the 1.5-gigawatt Sudair Power Plant, | on the supply of clean energy in all its | ||
yond our borders." | Kingdom, including investors, entrepre- | the construction of the world's largest | forms, a growing trade in materials, a | ||
May 29, 1933, the date of the historic | neurs, creators, pilgrims, and tourists. | green hydrogen power plant, and the | growing exchange of ideas, a partner- | ||
Low emissions future | planting of 10 billion trees in coming | said. | |||
Al-Rumayyan said that the Saudi-U.S. | ship based not on resource extraction, | ||||
partnership marked its beginnings to | decades. | but on long-term value creation," he | |||
concession agreement between King | Al-Rumayyan also said that while Ar- | "Our enemy is not carbon, which | |||
Abdulaziz Al Saud and Standard Oil of | amco continues to delivery energy to | is one of the building blocks of life on | "And although we cannot predict the | ||
California, one of the charter members | global customers, and thanks to its net- | Earth. Our enemy is unchecked carbon | future, there's one thing I know for sure, | ||
of the company that became Saudi Ar- | work of research laboratories in the U.S. | emissions," Al-Rumayyan said. "To win | whatever happens in the years ahead, | ||
amco. | and other countries, it is fast becoming | this fight, we must value all efforts, all | the world's most important energy part- | ||
a technology leader. In addition, Aramco | options, and all technologies that re- | nership will be red, white, blue - and | |||
This concession agreement ushered in | remains committed to its long heritage | duce the flow of greenhouse gases into | green." |
Aramco expands focus on emerging sectors at FII
theGrarabian
Dear collea
The worl mate chan tions to en Aramco, w climate act duce and s lions of pe
Today, w lenge by a to achieve greenhous ly owned o
The com Ourments the to reach ne
Aramco to achieve
2 greenho wholly ow
This am of the com shareholde ing its goa approach i
The com details in i Report to b ter of 2022
The com ments the goal to re 2060.
Addressi century's
Aramco mayyan, sa the scale
EnginAra
min Nasser
On Tuesday, Aramco announced plans to expand its focus on emerging sectors to drive private sector innovation and in- vestment.
During the Future Investment Initia- tive, it outlined potential new projects in green hydrogen, sustainable technology solutions, advanced nonmetallic building materials, and digitalization.
The company is pursuing investment opportunities in projects that could potentially reduce greenhouse gas (GHG) emissions, following the recent announcement of its ambition to achieve net-zero Scope 1 and Scope 2 GHG emissions across its wholly owned operated assets by 2050.
Details of new initiatives were outlined as global leaders and investors gathered at the Future Investment Forum to discuss the future of venture capital and key issues facing the world.
Amin Nasser, Saudi Aramco president and CEO, said: "Our plans illustrate our focus on developing innovative projects and investments, which support our long-term business strategy and strive to have a positive impact. Collaboration will be crucial in promoting economic development and creating new opportunities, as we expand our portfolio, diversify our business, advance low carbon energy technologies and develop sustainable solutions."
Five MoUs signed
To move its program forward, Aramco has signed five Memorandums of Understanding (MoUs) with the following com- panies:
- Modern Industrial Investment Hold- ing Group and Intercontinental Energy
- An MoU to develop a green hydrogen and ammonia project in Saudi Arabia.
- South Pole Carbon Asset Manage- ment Ltd. and Yousef Abdulrahman Al- Dhabyan Agricultural Est. (YADGREEN)
- Two separate MoUs to evaluate the feasibility of establishing a National Green Services company to develop and innovate nature-based solutions that help reduce GHG emissions.
- BFG - An MoU focused on localizing the manufacturing of advanced nonme- tallic building materials, as well as col- laboration in research and development.
- ABB - An MoU to explore localiza- tion of digital technologies for oil and gas applications, including domestic ca- pacity building in the process automa- tion system and instrumentation fields.
The MoUs are expected to complement Aramco's continued investments in oil and gas, with further announcements on its Jafurah gas program expected in the near future.
Nasser added, "The Ministry of Ener- gy, led by HRH Abdulaziz bin Salman, Minister of Energy of Saudi Arabia, has enabled a business friendly investment environment for strategic initiatives and programs, including advancing our work on the Jafurah gas field, which will play an important role in the expansion of our gas operations, support diversification of our portfolio and benefit the Kingdom's business sectors."
By Susan Go
Austin, T Aramco U. U.S. and th competing (COTA), th purpose-bfamed race
Aramco' ship with t nounced i ny's first g sporting e with a wor lion racing
Dedicate three days ifying sess which drew
In the spi amco has a
arabian sun
a'
from a sed on ship upply y in all wing als, a nge of rship ction, rm
Greener goals | is among the lowest in the world. This also means | |||||
the arabian sun | October 27, 2021 | |||||
CEO: We are ready for the | ||||||
company news | 3 | |||||
Dear colleagues, | challenge of sustainability | |||||
The world is at a critical point in addressing cli- | that we emit some of the world's lowest levels of | |||||
mate change, which requires bold, decisive ac- | greenhouse gases per barrel of oil produced. | |||||
tions to ensure long-term sustainability. For | We intend to leverage our strengths to meet | |||||
Aramco, we have a responsibility to balance | ||||||
climate action while continuing to reliably pro- | the energy needs of society by maximizing the | |||||
duce and supply the essential energy that bil- | value of the materials we produce, while min- | |||||
lions of people around the world need from us. | imizing the impact of greenhouse gases. This | |||||
is more than a goal, it is mission critical for | ||||||
Today, we have risen to this historic chal- | our company, our industry, and our world. | |||||
lenge by announcing Aramco's ambition | By applying the talent, technology, and re- | |||||
to achieve net-zero Scope 1 and Scope 2 | ||||||
greenhouse gas emissions across our whol- | sources of our great company, I am confident we | |||||
ly owned operated assets by 2050. | are ready for the challenges ahead of us, and | |||||
Over many decades, Aramco has managed our | look forward to your commitment for us to | |||||
The company announcement comple- | production efficiently and invested heavily in Up- | achieve our net-zero emissions ambition by 2050. | ||||
Our ambition: Reach net-zero emissions by 2050 | ||||||
ments the Kingdom of Saudi Arabia's goal | stream optimization, methane r ducti n, flare gas | |||||
to reach net-zero e issions by 2060. | minimizatio , and reservoir management. The | Sincerely, | ||||
result is an Upstr am carbon int nsity rating that | Amin Nasser, pre ident and CEO |
umayyan
ke and win
his speech, ationship is ew era."
lationship hip based
Aramco has announced its ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly owned operated assets by 2050.
This ambition is an important part of the company's focus on long-term shareholder value creation by advancing its goals through a companywide approach in sustainability.
The company plans to disclose further details in its forthcoming Sustainability Report to be issued in the second quarter of 2022.
Aramco has a uniquely strong platform from which to lead the global industry to meet this challenge, and we are delighted to announce our ambition to achieve net-zero greenhouse gas emissions.
- HE Yasir O. Al-Rumayyan
pressing challenge facing humanity.
"Our past success has not been measured by quarters or business cycles, but across genera- tions. The same will apply to the positive results from our net-zero ambition, as the actions we take in the coming years will help safeguard
Watch CEO Amin Nasser's announcement
gy in all its aterials, a
- partner- extraction, ation," he
predict the w for sure, ars ahead, nergy part- lue - and
The company announcement complements the Kingdom of Saudi Arabia's goal to reach net-zero emissions by 2060.
Addressing one of the century's biggest challenges
Aramco chairman HE Yasir O. Al-Ru- mayyan, said: "Aramco recognizes both the scale and urgency of the climate
challenge as well as its responsibility to help address it, as the world's largest energy company. Reducing emissions, while meeting the world's continuing energy needs, is one of the biggest challenges of this century.
"Aramco has a uniquely strong platform from which to lead the global industry to meet this challenge, and we are delighted to announce today our ambition to achieve net-zero green-
house gas emissions across our operations by 2050."
Aramco's ambition
Amin Nasser, Saudi Aramco president and CEO, said: "As the largest provider of energy to the world, Aramco's ambition to reach net-zero greenhouse gas emissions across our operations in less than three decades is a historic step forward that will help tackle the most
our planet for future generations.
"The road ahead will be complex, as the world's transition to a more sustainable energy future will require collective action and major technological breakthroughs," said Nasser. "But we remain focused on delivering reliable and affordable energy, investing for the long term as our efforts to further reduce emissions gain momentum."
II
EngineeringAramcoandbringsinnovation drivestheF1 energyaction to U.S. Grand Prix
y of Ener-
- Salman, rabia, has nvestment atives and our work
h will play ansion of diversifi- enefit the
By Susan Gonzalez
Austin, Texas - The Formula 1 (F1) Aramco U.S. Grand Prix returned to the U.S. and the state of Texas with drivers competing at the Circuit of the Americas (COTA), the first track in the U.S. to be purpose-builtfor F1 and host to other famed races.
Aramco's long-term global sponsorship with the international race was announced in 2020, marking the compa- ny's first global sponsorship of a major sporting event and connecting Aramco with a worldwide audience of 500 million racing fans.
Dedicated fans packed the stands for three days to watch practice and qualifying sessions as well as on race day, which drew a sell-out crowd of 140,000.
In the spirit of innovative F1 racing, Ar- amco has a team of dedicated research-
ers and engineers working to develop low emission transport solutions to help reduce the carbon footprint from trans- portation.
"Engineering excellence is at the heart of everything we do," said Moham- med Y. Al Qahtani, senior vice president of Downstream, Aramco. "We share a commitment to driving innovation through our work with engines and fuels to lower emissions, enhance per- formance, and make a real impact in reducing emissions in the automotive sector and beyond."
There was no shortage of energy as 10 teams took to the track for 56 laps; with winner Max Verstappen driving for team Red Bull Racing.
Race weekend activities included track side experiences such as Pit Lane Walks, Hot Laps, and Truck Tours. The Aram-
Mohammed Y. Al Qahtani, who presented the winning tophy to Max Verstappen and experienced his first Formula 1 race, said he was impressed with the technology behind the remarkably fast machines.
co hospitality suite in the Paddock Club | ico City for Round 18 in early November |
area offered a unique vantage point | and then on to Brazil, Qatar, and in ear- |
over the team garages and pit lane with | ly December (Dec. 3-5) to Saudi Arabia |
a clear view of the start and finish line. | for the 2021 Saudi Arabia Grand Prix |
taking place at the new Jiddah Corniche | |
Next on the schedule, F1 goes to Mex- | Circuit. |
October 27, 2021 the arabian sun
4 company news
AramcoFive awardsrese rch comeshistoricalout strong atrecordWorld Oil Awardsfor the company
theAarabian
To meet Upstream's ambitious operational and business plans, we must continuously strive for improvement and in doing so, develop innovative ways to uphold Aramco's competitive advantage in the oil and gas industry. To this end, Aramco's Upstream research arm, the EXPEC Advanced Research Center (EXPEC ARC), leads the company in identifying and developing technologies that continuously improve its operational and business perfor- mance.
The company's efforts have always been recognized by regional and international renowned organizations, of which is the prestigious World Oil Awards. The World Oil Awards has been recognizing and highlighting the industry's leading innovators and
Members of the Aramco Houston Research Center team receive the awards on behalf of Aramco during last week's World Oil Awards ceremony in Houston.
16% of the 2021 World Oil Award finalists being nominated.
Leadership in Upstream
The number of the nominations and the multiplicity is pronouncedly im- pressive, which shows Aramco's efforts in competing to excel in major domains of the entire Upstream value chain. "This year's awards further state Aram- co's leadership in Upstream technology development, where we accounted for the highest number of award finalists for a second year in a row. That speaks to the high quality of our researchers and the technologies nominated, which leads to propelling the company to achieve its strategic goals," said Ashraf M. Al-Tahini, manager of EXPEC ARC.
By Eamonn H
Riyadh - as a "miles Amin Nas gies have l stations of Kingdom's
Stations ate under brands, pro fuels and p
Aramco ture with T
"With o TotalEnerg mium net experience and travel
innovations for the past two decades. This year, the nominations covered 18 award categories, encompassing the full breadth of the Upstream industry, from exploration, to drilling, completions and production, as well as digital transformation, safety, and sustainabil- ity.
On Oct. 14, Aramco and EXPEC ARC were recognized at the 20th World Oil Awards ceremony that was held in Houston, TX, in a return to the traditional in-person setting. Aramco was recognized as a winner in five cate- gories, four of which are from EXPEC ARC, and one winner from Northern Area Oil Operations (NAOO), doubling last year's number of awards received, and setting a new record for the company and the research organizations. The received awards cover traditional and emerging domains, highlighting the company's efforts in the whole Upstream value chain. It also focuses on its efforts toward digital transformation and reducing its operations' car-
List of Saudi Aramco's 2021
World Oil awards:
- Innovative Thinker Award (Indi- vidual) - Dr. Guodong "David" Zhan
- Best Digital Transformation Award - First CCUS and EOR Intelligent Field Project
-
Best Drilling Technology Award
- "Indestructible" Drill Bit Cutter Technology - Best Health, Safety, Environment/ Sustainable Development - On- shore Award - Beyond Zero Routine Flaring
- Best Water Management Technol- ogy Award - Field-Scale Acoustic Oil-Water-Fines Separation for Sustainable Produced Water Management
bon footprint.
Aramco's recognized individuals, technologies, and projects included Dr. Guodong "David" Zhan for the Innovative Thinker Award, the First CCUS and EOR Intelligent Field Project for the Best Digital Transformation Award, "Indestructible" Drill Bit Cutter Technology for the Best Drilling Technology Award, Beyond Zero Routine Flaring for the Best Health, Safety, En- vironment/Sustainable Development
- Onshore Award, and the Field-Scale Acoustic Oil-Water-Fines Separation for Sustainable Produced Water Manage- ment for the Best Water Management Technology Award. The winners are an inspiration to all their peers in the in- dustry, not only in terms of the breadth of achievements, but also through the demonstration of vision and innovative thinking.
Historical record
This historical record for Aramco and EXPEC ARC is a continuation of our outstanding and strong presence in this awards venue that has been steadily increasing for the past years. Aramco has been announced as a finalist eight and 13 times in 2019 and 2020, respectively. This year, the company had a total of 16 award finalists, 10 technologies and six professionals, surpassing all competitors in the number of finalists. Out of the total, six technologies and five professionals are from EXPEC ARC and its affiliated research centers around the globe.
The shortlisted technologies and professionals were competing in 10 different categories against the industry's top companies, institutes, and individ- uals. These categories range from an individual level such as the impressive "Innovative Thinker Award" category, to lifetime achievements as in the "Life-
At the heart of Saudi Aramco's innovation, lies the company's
most valuable asset, its people who strive for innovation, and we welcome the reinforcement of this principle by our industry peers.
- Nasir K. Al Naimi
time Achievement Award" category, all the way to the impact of the technology as in the "Best Digital Transformation Award" and "Best Exploration Technology Award" categories.
Such recognitions provide assurance that we are on the right path and give motivation to proceed forward. The awards and nominations in multiple categories of the 2021 World Oil Awards reflect the ongoing dynamic march toward creating new technol- ogies. In this year's annual event, Ar- amco is honored to be considered as the industry participant with the most nominees among industry partners such as Baker Hughes, Halliburton, and Schlumberger. Aramco accounts for
The value of the company's investment in Upstream R&D is already paying dividends in the form of recognition from industry peers. Waleed A. Al Mulhim, executive director of Petroleum Engineering and Development said, "Since its inception, the EXPEC Advanced Research Center has reaped many benefits that aided the company to achieve its strategic objectives. Being recognized by prestigious entities for our sustainability and digital transformation accomplishments is a further testimony to the efforts that has been exerted. It also provides assurance that we are moving in the right direction as our company continues to transform and grow."
Dawood M. Al-Dawood, vice president of NAOO, added, "Being recognized at this well-respected international event is a testament of our commitment to continuously enhance our operational efficiency while promoting sustainability and safety. It demonstrates the company's active approach to address global environmental challenges and reduce emissions. This would not be possible without the commitment of dedicated teams in the fields who make us proud at the highest international platforms."
Our people are key
Aramco views these international recognitions along with our operational and technological challenges, as organizational catalysts to continuously strive for improvement and innovation. Nasir K. Al Naimi, senior vice president of Upstream, along with the rest of the leadership team, appreciate the global recognition by the industry of our people's innovation capability. "At the heart of Aramco's innovation, lies the company's most valuable asset, its people who strive for innovation, and we welcome the reinforcement of this principle by our industry peers."
up tourism mestic trav mand for h With our e deliver the customers, for Saudis t marketing,
At the R toured the with Patric CEO of To president o members o egy, Public The group managers, females to Arabia.
"The op stations m reaffirming ship with investment Pouyanné.
Completi
The laun tail networ amco's ent Mufti.
Aramco a in 17,000 r folio of join
"I think that retail segments growth is Mufti said.
"There a ties to upg
The Arabian Sun is a | North Admin Building, Room AN-1080, | Publishing administrator: Meteb F. Al-Qahtani | Articles and coverage can be | Saudi Arabian Oil Company (Saudi |
weekly publication issued | C-05A, Dhahran, Saudi Arabia | Supervisor Content Creation: Jamsheed Din | requested through CRM. | Aramco) is a joint stock company, with |
free of charge by the | Telephone (013) 876-0374 | Editors: William Bradshaw and Todd Williams | Correspondence may be addressed to | certificate of registration number |
Corporate Communication | Email: publishing@aramco.com | Editorial staff: Musherf Alamri, Eamonn | the editor, North Admin Building, | 2052101105, having its principal office |
Support Department for | ISSN: 1319-156X | Houston, Scott Baldauf, Rawan Nasser, and | Room AN-1080,C-05A. | at P.O. Box 5000, Dhahran, Postal Code |
Saudi Aramco employees. | Articles may be reproduced provided | Dalia Darweesh. | 31311, Kingdom of Saudi Arabia, and | |
The Arabian Sun is credited. | Designer: Husam Nasr. | with fully paid capital of SAR | ||
60,000,000,000. |
arabian sun
y
ward final-
ABy | Kingdom first | ||||
the arabian sun | October 27, 2021 | ||||
company news | 5 | ||||
Aramco and TotalEnergies launch | |||||
joint service station retail network | |||||
Eamonn Houston |
ations and ncedly im- co's efforts or domains lue chain. tate Aram- echnology ounted for rd finalists hat speaks esearchers ted, which mpany to aid Ashraf
PEC ARC.
y's invest- ready pay-
f recogni- |
Waleed A. |
Riyadh - In what has been described as a "milestone" by president and CEO, Amin Nasser, Aramco and TotalEner- gies have launched the first two service stations of a joint retail network in the Kingdom's cities of Riyadh and Saihat.
Stations in the network will operate under the Aramco or TotalEnergies brands, providing motorists with quality fuels and premium retail services.
Aramco signed off on the 50/50 venture with TotalEnergies in 2019.
"With our long-standing partner TotalEnergies, we are creating a premium network that will enhance the experience of Saudi Arabia's motorists and travelers. As the Kingdom scales up tourism projects, we can expect domestic travel to increase, along with demand for hospitality and travel services. With our entry into retail, we plan to
The recently unveiled service station in Riyadh is one of two recently launched, the other being in Saihat. The stations will operate under the Aramco and TotalEnergies brands, providing fuels and premium retail services. (Photos: Ahmed El Itani/MPD)
Meet the Managers
Nour Alanazi | Ibtssam Al Jaber |
Nour Alanazi |
"I will be in charge of day-today operations, which can include inventory, employee scheduling, hiring and training, the ordering and receiving supplies, and offering promo- tions. I will also create and meet budgets and ensure that
tor of Pe- |
velopment |
he EXPEC |
has reaped |
e company |
ctives. Be- |
us entities |
gital trans- |
s a further |
t has been |
urance that |
irection as |
transform |
vice pres- Being rec- cted interent of our
- enhance while pro- safety. It active ap- vironmen- emissions. without the ams in the t the high-
ernational operation- ges, as or- ntinuously nnovation. vice presi- th the rest reciate the ndustry of ability. "At vation, lies e asset, its ation, and ent of this ers."
-
(Saudi mpany, with umber ncipal office Postal Code rabia, and
AR
deliver the best experience possible for customers, while creating opportunities for Saudis to pursue careers in retail and marketing," Nasser said.
At the Riyadh inauguration, Nasser toured the state-of-the-art new station with Patrick Pouyanné, chairman and CEO of TotalEnergies, Aramco's vice president of Fuels, Yasser M. Mufti, and members of the company's Retail Strat- egy, Public Affairs, and management. The group met with the two new station managers, who happen to be the first females to cover such a position in Saudi Arabia.
"The opening of these two first initial stations marks another step forward in reaffirming our long-standing partnership with Aramco, following our joint investments in SATORP since 2008," said Pouyanné.
Completing the value chain
The launch of the new branded retail network completes the circle of Ar- amco's entire value chain, according to Mufti.
Aramco already has a global presence in 17,000 retail stations through a portfolio of joint ventures.
"I think that the context of this is that retail is one of the fastest growing segments in the oil supply chain. The growth is faster than that of refining," Mufti said.
"There are also fantastic opportunities to upgrade the offering in what we
call the non-fuels business. Our vision is to use this as a starting point to expand across the Kingdom to all of the major cities, and to strive to deliver a differentiated customer offering within all of our stations."
Employment opportunities
Importantly, Mufti said, the new venture would open the doors for meaningful employment for young Saudis over a range of disciplines.
There are also the oversight positions of the non-fuels business, commercial transactions to secure retail tenants, and senior management and executive roles within the new venture.
"We think that this would be an attractive proposition for people, and we have seen that already. Prior to launch, we have been able to attract young Sau- dis, and we are extremely proud that the stations that we are launching will be manned by, not just Saudi males, but Saudi women," Mufti noted.
Branding
"Developing the company's retail brand, from concept to fruition, was a remarkable journey that we are all proud of today," said Nader D. Al Dou- han, manager of Retail Strategy and De- velopment.
The opening of the first stations marks an important milestone as we continue to expand our presence in the Kingdom's downstream value chain.
- Amin Nasser
"I believe the Aramco retail brand we see today is a testament of the seamless collaboration and effective partnership with our colleagues in the Corporate Communication Department."
Al Douhan noted that the opening of the first Aramco service station marks the company's first entry into the business of consumer space.
"For that, the onus was on the team to work together to devise a differentiated customer offering to be designed around three brand pillars: convenience, energizing, and welcoming."
all of the equipment we use is in working condition. I will also deal with fuel supply and regularly report to company officials.
"I was hesitant because this field is new to Saudi women, but this hesitation soon changed to passion and attachment to this type of business.
"I think that there will be a greater participation by Saudi females, especially if they have the passion to work in such a field. And we should not forget that women have a major and global role in developing ways of working in various practical fields and sectors."
Ibtssam Al Jaber
"I'm glad to be a team member in this company and I'm looking forward to participating in the company's transformation journey and vision.
"Through my work, I hope to assume higher leadership responsibilities in the future.
"I believe this type of venture will attract more females, specifically in the administrative functions."
What do our new stations offer? Watch the video here.
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Saudi Aramco - Saudi Arabian Oil Company published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 04:47:06 UTC.