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  • Saudi Aramco: MoU signed with KBR to strengthen company’s in-Kingdom procurement of services
    édité le 03/08/2017 - Plus de news de "SAUDI ARAMCO" - Voir la fiche entreprise de "SAUDI ARAMCO"


Saudi Aramco: MoU signed with KBR to strengthen company’s in-Kingdom procurement of services
Saudi Aramco’s commitment to develop a competitive and reliable local supply chain through its In-Kingdom Total Value Add (IKTVA) program was given a significant boost with the signing of a Memorandum of Understanding (MoU) with one of its key supply chain partners, Kellogg Brown & Root Limited (KBR).

Hosted by Saudi Aramco president and CEO Amin Nasser, the MoU signing was the latest major milestone for the ambitious IKTVA program, which strives to expand business operations that help drive value creation and maximize long-term economic growth, diversification, job creation, and workforce development to support a rapidly changing business environment. The program will enable the company to achieve at least 70% of its procurement spending within the Kingdom’s supply chain by 2021.

With the Kingdom’s Vision 2030 plan, IKTVA is part of a broad-based effort to strengthen and diversify the Saudi economy, through the localization of key manufacturing and service industries within the Kingdom, and the creation of thousands of new jobs for talented young Saudi citizens.

Nasser and KBR’s president and CEO, Stuart Bradie, signed the MoU in the presence of Technical Services senior vice president Ahmad A. Al Sa’adi, Procurement and Supply Chain Management acting executive director Mohammed Al Shammari, as well as KBR’s president of Engineering and Construction for the Middle East and North Africa, Jay Ibrahim.

By signing the MoU, KBR has committed itself to a five-year action plan to expand and develop KBR’s physical and human capital within the Kingdom to promote Saudi Aramco’s interests in creating and maintaining a reliable local supply, as well as fortifying the local economy through localizing goods and services. The IKTVA action plan will help to ensure that KBR remains compliant with the IKTVA program and will aid Saudi Aramco in meeting the 2021 objectives.

The action plan includes provisions for cooperation between the two companies, including the sharing of information to help Saudi Aramco monitor KBR’s compliance with the IKTVA action plan, as well as provisions for business development, in which both parties can seek opportunities to expand their current business relationship.

About Saudi Aramco

Saudi Aramco is a world leading integrated energy and chemicals company. We are driven by our core belief that energy is opportunity. From producing approximately one of every eight barrels of the world’s crude oil supply to developing new energy technologies, our global team is dedicated to creating positive impact in all that we do. We focus on making our resources more sustainable and more useful. This promotes long-term economic growth and prosperity around the world.

About KBR

KBR (NYSE: KBR) is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:

- Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics

- Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting

- Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management.


Origine : Communiqué SAUDI ARAMCO

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