AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Lagging behind: private firms contributing to the development of the hydrocarbons sector will have to meet international standards.(OIL SERVICES)

MEED Middle East Economic Digest

| December 08, 2006 | Dutta, Ashok | COPYRIGHT 2006 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Riyadh is keen to encourage local companies to participate in the oil sector, and is looking abroad for examples. Research by the Petroleum & Mineral Resources Ministry to this end is expected to be complete in early 2007.

The year-long study involved a ministry fact-finding team visiting six oil producing states--Canada, Egypt, Malaysia, Norway, Venezuela and Indonesia--holding 75 meetings with clients, investors, contractors and project managers on the extent of local sector participation in their respective states. It also spent September and October interviewing Saudi Aramco and international oil companies on the same issue.

"We carried out a high-level mapping of existing local content and are now doing a detailed analysis," Yahya Shinawi, the ministry's director-general at the Eastern Province branch, said at the Saudi Energy Forum in Dammam in late November.

The findings are unlikely to come as a big surprise--less than 20 per cent local contribution levels in Saudi Arabia, compared with 40-55 per cent in Norway and Canada.

"We admit that local content [in the kingdom] is not effective, but there are reasons for it. Inadequate training, poor English language skills, shortage of qualified personnel and failure to meet technical qualifications are major hindrances," he said.

Concerns

Shinawi's concerns were shared by Saudi Aramco's vice-president for materials supply, Esam al-Mousli. "There are both problems and prospects," he said, adding that a recent study by the Riyadh Chamber of Commerce & Industry indicated 55 per cent of local companies did little to invest in research and marketing.

Related articles from newspapers, magazines, journals, and more
Dresser-Rand Selected to Enter Into Strategic Procurement Agreement With Saudi...
Press release article from: PR Newswire March 25, 2009 700+ words
...Agreement (CPA) with Saudi Aramco. The CPA promotes local content and demonstrates...agreement with Saudi Aramco, one of the world...Materials Supply for Saudi Aramco, "Our team has...commitment to maximizing local content in the new equipment...
Saudi Aramco Selects FVC.COM Products to Deliver Broadband Video Services...
Press release article from: PR Newswire December 4, 2000 700+ words
...broadband Internet, today announced that Saudi Aramco Corporation is deploying equipment from...Saudi Arabia. FVC.COM is providing Saudi Aramco with live two-way video along with...meetings, e-learning and e-medicine. Saudi Aramco, the global leader in the petroleum...
Saudi Aramco buys shareholding in Japan's Showa Shell.
News wire article from: Asia Africa Intelligence Wire July 6, 2004 700+ words
...Reports) The Saudi Arabian Oil Company (Saudi Aramco) on Monday signed an agreement that...petroleum products in Japan, one of Saudi Aramco's most important markets for crude...signed with Royal Dutch/Shell Group, Saudi Aramco will acquire a 9.96% strategic shareholding...
SAUDI ARAMCO SELECTS FVC.COM PRODUCTS TO DELIVER BROADBAND VIDEO SERVICES...
Press release article from: PR Newswire December 4, 2000 700+ words
...broadband Internet, today announced that Saudi Aramco Corporation is deploying equipment from...Saudi Arabia. FVC.COM is providing Saudi Aramco with live two-way video along with...meetings, e-learning and e-medicine. Saudi Aramco, the global leader in the petroleum...
Alcatel Fuels Saudi Aramco's Global Network; World's Leading Crude Oil Producer...
Press release article from: PR Newswire October 21, 2003 700+ words
Alcatel today announced that Saudi Aramco, the world leader in crude oil...backbone communications network for Saudi Aramco's mission critical applications. The Alcatel 7670 RSP will provide Saudi Aramco data centers with the enhanced...
Saudi Aramco vs Japan--round two.(Markets)
Newspaper article from: LPG World March 3, 2004 700+ words
...sharp differences of opinion between Saudi Aramco and its Japanese customers over the issue of LPG pricing. Saudi Aramco, Saudi Arabia's state-owned...arose between representatives from Saudi Aramco and its Japanese customers on how...
SAUDI ARABIA - Profile - Abdullah Saleh Al Jum'ah.(CEO of Saudi Aramco)(Brief...
Newspaper article from: APS Diplomat Operations in Oil Diplomacy November 27, 2000 700+ words
...was made acting president and CEO of Saudi Aramco to succeed him. Jum'ah's position...favoured as his replacement to head Saudi Aramco, Jum'ah previously was executive...minister, Jum'ah was give the top Saudi Aramco post to emphasise the company's international...
Flowserve Signs Long-Term Strategic Agreement with Oil and Gas Giant Saudi...
Press release article from: Business Wire November 24, 2008 700+ words
...year strategic supplier agreement with Saudi Aramco, one of the world's largest oil producing...and value-added services for use in Saudi Aramco's existing and planned facilities...Flowserve of aftermarket services to support Saudi Aramco operations through the industry leading...
Saudi Aramco & Other Middle East Exporters Raise Overseas Refining Investments.
Newspaper article from: APS Review Downstream Trends December 5, 2005 700+ words
The state-owned Saudi Aramco and other Middle East oil exporters...sour crude oils into clean fuels. Saudi Aramco wants to have another four or five...Saudi Arabia in Nos. 13-17). Saudi Aramco is negotiating a partnership with...
Saudi Aramco implements third party investment plan.
News wire article from: Asia Africa Intelligence Wire February 25, 2003 700+ words
...power and steam at the least cost for Saudi Aramco. The development of utility projects...cogeneration plants--has been considered by Saudi Aramco as a viable project under the company...Program. The Program was evolved by Saudi Aramco to promote its partnership with the...
For more facts and information, see all results

Source: HighBeam Research, Lagging behind: private firms contributing to the development of the...

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA