Metal Eco System Workshop - Saudi Aramco · 2020. 3. 11. · Saudi Aramco: Public Pressure Relief...
Transcript of Metal Eco System Workshop - Saudi Aramco · 2020. 3. 11. · Saudi Aramco: Public Pressure Relief...
Metal Eco System Workshop
© Saudi Arabian Oil Company, 2020
Disclaimer
This presentation may contain certain forward-looking statements with respect to Saudi Aramco’s (the “Company”) financial position, results of operations and business, and certain of the Company’s plans, intentions, expectations, assumptions, goals and beliefs. These statements include all matters that are not historical fact and generally, but not always, may be identified by the use of words such as “believes”, “expects”, “are expected to”, “anticipates”, “intends”, “estimates”, “should”, “will”, “shall”, “may”, “is likely to”, “plans” or similar expressions, including variations and the negatives thereof or comparable terminology.
You should be aware that forward-looking statements are not guarantees of future performance and that the Company’s actual financial position, results of operations and business, and the development of the industries in which it operates may differ materially from those made in or suggested by such forward-looking statements. Factors that could cause actual results to differ materially from the Company’s expectations are contained in cautionary statements in the Company’s Prospectus filed with the Saudi Arabian Capital Markets Authority and available at https://cma.org.sa/en/Market/Prospectuses/Pages/default.aspx (the “Prospectus”) and include, among other things, the following:
• (1) oil and gas supply, demand and price fluctuations; (2) global economic market conditions; (3) competition in the industries in which the Company operates; (4) conditions affecting the transportation of products; (5) operational risk and hazards common in the oil and gas, refining and petrochemicals industries; (6) the cyclical nature of the oil and gas, refining and petrochemicals industries; (7) weather conditions; (8) political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; (9) managing the Company’s growth; (10) risks in connection with projects under development and recent and future acquisitions and joint ventures, including with respect to SABIC; (11) managing the Company’s subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; (12) the Company’s exposure to interest rate risk and foreign exchange risk; (13) risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which the Company operates; and (14) international trade litigation, disputes or agreements.
The Prospectus contains a more complete discussion of the factors that could affect the Company’s future performance and the industries in which it operates. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above.
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
iktva Program Overview
• Drives domestic value creation byworking with suppliers for mutualbenefits
• Envisions to improve investment, andmaximize long term economic growthand diversification
• Focuses on delivering quality jobs,advancing innovation and enhancingglobal competitiveness
IKTVA is designed to reward Saudi Aramco’s suppliers for the use and development of local labor and sub-suppliers
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Metal Eco System
Anticipated Market Size
The
Opportunity
The Business
Case
Executive Summary
Raw Material Intermediates Finished
Products
Value Chain Mapping
Each will Provide:
Investments opportunities will cover heat exchangers, Steam Traps,
Relief and needle valves, filters, couplings and other opportunities
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Metal Eco System
Session Title Presenter
Heat Exchangers
Nasser AlrushoudSteam Trap and Strainers
Services
Relief Valves
Mohammad AlolaiwiNeedle Values
Impellers
Vessels Internals
Farhan AlghamdiFilters
Couplings
© Saudi Arabian Oil Company, 2020
Heat Exchangers
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Heat Exchangers manufacturing represents an attractive opportunity for localization
Establish multiple state of the
art manufacturing facilities
for Heat Exchangers
components
The opportunity The business case
The current market sizes for
heat exchangers exceeds $ 45
MM and the components
manufacturing gaps are:
• Tube Sheets (forged)
• Thermal Design
• Testing (NDT, PWHT) and
other services
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Saudi Aramco: Public
Types of Heat Exchanger
Shell & Tube Heat Exchanger Air Cooled Heat Exchanger
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Heat Exchangers cost structure
Raw materials represent almost 50% of the
cost structure for Heat Exchangers (tubes
manufacturing, plate, forging, flanges and
sheets)
Labor makes up 30% of the cost structure,
including engineers, management, welders,
and machinists
Machinery costs comprise another 18% of the
overall cost, primarily for cutting, beveling,
grinding, and welding machinery
© Saudi Arabian Oil Company, 2020
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Shell & Tube Heat Exchanger
4749
5052
5355
5758
6062
64
0
10
20
30
40
50
60
70
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
The demand for Shell and tube Exchangers is expected to reach ~$ 64 MM by 2030
5%
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Tube Sheets (forged)
One of the main commodities that represents a gap in the local supply chain, the tube sheet
represent 15% to 20% from the total cost of the exchanger
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Thermal Design
Thermal design is the main servicers required to complete the design of the exchangers, its considered as one of
the services that we recommend considering for localization 10% to 15 % (part of manpower/engineering cost)
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Testing (NDT, PWHT) and other services
Testing is one of the main required services and it represent 5% to 8% of the total cost of the exchanger
© Saudi Arabian Oil Company, 2020
Steam Trap and Strainers
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Steam trap and strainers manufacturing represents an attractive opportunity for localization
Establish multiple state of the
art manufacturing facilities
for stream traps and
strainers
The opportunity The business case
1. The current market sizes
averages ~$ 2 MM for the
two commodities for the
past years
2. Forecasted ~5% annual
growth
3. Attractive cost base
including low logistics, land,
utilities, and labor costs
© Saudi Arabian Oil Company, 2020
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Types of Steam Traps
Thermostatic Mechanical
Thermodynamic
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Steam Traps and Strainers Historical Demand
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
2015 2016 2018 2018 2019
Mill
ion
s
steam traps strainers
The Historical demand for Steam Trap and strainers is averaging ~$ 2 MM
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Steam Traps Forecast
33
33
34
44
44
4
0
1
1
2
2
3
3
4
4
5
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Millio
ns
$
5%
The demand for Steam Trap is expected to reach ~$ 4.4 MM by 2030
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Strainers Forecast
The demand for strainers is expected to reach ~$ 1.2 MM by 2030
824849
874900
927955
9841013
10441075
1107
0
200
400
600
800
1000
1200
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Th
ou
sa
nd
$
5%
© Saudi Arabian Oil Company, 2020
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Local value chain gaps translate into opportunities to do business in KSA
1. Design by a centralized Team in
KSA.
2. Establish a local facility
to manufacture different
components used for all
four types of stem traps
and strainers
3. Assembly of stem traps at local facility and plan to localize supply chain in phases.
4. Establish technical support service center to serve requirements for stem traps
Potential investment opportunities
Design Manufacturing Final
Assembly Lifecycle
Management
© Saudi Arabian Oil Company, 2020
Services required to ensure high value add
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Manufacturing services represents an attractive opportunity for localization
Establish multiple state of the
art manufacturing facilities
to provided the needed
services to all local
manufactures
The opportunity The business case
The current market sizes
exceeds $ 160 MM and the list
of services are:
• Metals testing • Heat treatment• Condition monitoring• Metals preparations
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Metals Testing
Metals testing service to conduct radiography
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Historical Demand Metals Testing
56
7072
7577
0
10
20
30
40
50
60
70
80
90
2015 2016 2017 2018 2019
Millio
n $
The Historical demand for Metals Testing is averaging ~$ 72 MM
© Saudi Arabian Oil Company, 2020
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Heat Treatment
Advanced heat treatment service to conduct carburizing, gas nitriding, normalizing
© Saudi Arabian Oil Company, 2020
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Heat treatment
46
50
53
59
63
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
Millio
n $
The Historical demand for Heat treatment is averaging ~$ 55 MM
© Saudi Arabian Oil Company, 2020
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Metals Preparations
Metals preparation service to conduct shot peening, bead blasting, etc.
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Metals Preparations
4.9 55
6
7
0
1
2
3
4
5
6
7
2015 2016 2017 2018 2019
The Historical Metals Preparations is averaging ~$ 70 MM
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Other Required Services
• Cladding
• Weld overlay
• Painting
• Coating
• Blasting
• Design Eng.
• Specialist Machining
• Grinding
• Welding
© Saudi Arabian Oil Company, 2020
Relief Valves
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Pressure Relief Valves Localization Opportunity
Establish a state-of-the-art
manufacturing facility of
Pressure Relief Valves
components to serve the
KSA and GCC Oil and Gas
industry
The opportunity
1. The Total 5-year spend on relief
valves exceeded $60MM
2. Forecasted ~4% annual
growth in the regional
Pressure Relief Valves market
3. More than +19,000 Units installed in Aramco Facilities
The business case
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There are multiple opportunities for SMEs to manufacture components for Pressure Relief valves and related services
Pressure Relief Valves
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Pressure Relief Valves Classifications
Pressure Relief Devices (PRDs)
Re-Closing
Conventional
Spring Loaded Bellows Type
Pilot Operated
Flowing Pilot
Pop-ActionModulating
Action
Non-Flowing Pilot
Pop-ActionModulating
Action
Non-Reclosing
Rupture Disks
Buckling Pin Devices
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Pressure Relief Valves Standards and Specifications
Saudi Aramco Standard: SAES-J-600 Saudi Aramco SAMSS: 34-SAMSS-611
International standards:• ASME SEC-I• ASME SEC-VIII-D1• ASME SEC-VIII-D2• ASME B16.5• NACE MR0175/ISO 15156• NACE MR0103/ISO 17945 • API-520 (Part-I, II)• API-521• API-526• API-527• API-2000
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Historical Aramco Spend of Relief Valves
Historical Aramco Spend on Relief Valves
grew from 761 Units in year 2015 and
reached 1,270 Units in Year 2019
The Total 5-year spend on Relief valves
exceeded $60 MM761
2,177
1,053
573
1,268
2015 2016 2017 2018 2019
Un
its
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Forecasted Saudi Aramco Average Demand of Relief Valves
The Aramco demand on Relief Valves is
expected to grow at 4% from 1,320 Units
in 2020 and will reach 1,610 Units year
2025
4%
1,3211,370
1,4301,486
1,5451,610
2020 2021 2022 2023 2024 2025
Un
its
© Saudi Arabian Oil Company, 2020
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Forecasted KSA & GCC Demand of Relief Valves
The KSA demand on Relief Valves is
expected to grow at 4% from 3,300 Units
in 2020 to reach 4,020 Units in year 2025.
Total GCC demand is expected to reach
5,620 units by year 2025
4%
3,300 3,430 3,570 3,710 3,860 4,020
4,6004,810
5,0005,200
5,4105,620
7,9008,240
8,5708,910
9,2709,640
2020 2021 2022 2023 2024 2025
Un
its
KSA
© Saudi Arabian Oil Company, 2020
Needle Values
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Saudi Aramco: Public
Needle Valves Localization Opportunity
Establish a state-of-the-art
manufacturing facility of
needle Valves components
to serve the KSA and GCC Oil
and Gas industry
The opportunity
1. The total 5-year spend on
needle valves exceeded
$49 MM
2. Forecasted ~4% annual
growth in the regional OCTG
Accessory market until 2025
The business case
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Opportunities for SME to manufacture components for needle valves and related services
Needle Valves: Used for isolation or flow rate control
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Needle Valves Internal Parts
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Historical Aramco Spend of Needle Valves
Historical Aramco demand on Needle
Valves started from 8250 Units in year
2015 and peaked 9090 Units in Year 2016.
The 2015-2019 spend exceeded $49 MM
8,250
9,090
8,260
7,459
8,265
2015 2016 2017 2018 2019
Un
its
© Saudi Arabian Oil Company, 2020
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Forecasted Aramco Demand of Needle Valves
The Aramco demand on Needle Valves is
expected to grow at 4% from 8,600 Units
in 2020 to reach 10,500 Units year 2025
8,6008,900
9,3009,700
10,10010,500
2020 2021 2022 2023 2024 2025
Un
its
4%
© Saudi Arabian Oil Company, 2020
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Forecasted KSA & GCC Demand of Relief Valves
The KSA demand on Needle Valves is
expected to grow at 4% from 12,900
Units in 2020 to reach 15,700 Units in
2025.
Total GCC demand is expected to reach
23,000 Units in year 2025
4%
12,900 13,400 14,000 14,500 15,100 15,700
18,90019,700
20,50021,300
22,10023,000
31,80033,100
34,50035,800
37,20038,700
2020 2021 2022 2023 2024 2025
Un
its
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Local value chain gaps translate into opportunities to do business in KSA
1. Design by a centralized Team in
KSA.
2. Establish a local facility to
manufacture different
components used for Needle
Valves, mainly casting and
forging facility for bodies and
internals.
3. Assembly of Needle Valves at local facility and plan to localize supply chain in phases.
4. Establish technical support service center to serve requirements for Testing, Repair and Maintenance of Needle Valves.
Potential investment opportunities
Design Manufacturing Final
Assembly Lifecycle
Management
© Saudi Arabian Oil Company, 2020
Impellers
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Saudi Aramco: Public
IMPELLERS represent an attractive localization opportunity given the current supply gap and expected demand growth
Establish a manufacturing
facility of Impellers to serve
the KSA and GCC Oil and
Gas industry
The opportunity
1. Historically for the last 5-year,
Aramco procured +3,600 units
2. Forecasted ~5% annual
growth on the impeller
demand until 2025
3. Attractive cost base including
low logistics, land, utilities, and
labor costs
The business case
© Saudi Arabian Oil Company, 2020
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Impellers are very critical components for rotating equipment in the oil and gas industries
Impellers Types:
• Open
- Single Suction
• Mixed Flow:
• Semi-open
• Closed
- Double Suction
• Axial Flow
• Non-clogging
31-SAMSS-004
© Saudi Arabian Oil Company, 2020
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Impellers demand for Saudi Aramco has been growing and the demand exceeded $ 9MM in 2019
+156%
Over the last 5-year, 91% of the
total Saudi Aramco demand (+
3,600 Units) of Impellers is
imported
Saudi Aramco market size evolution for Impellers
2015 2016 2017 2018 2019
$ M
M
9.29.9
8.4
4.9
3.6
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
The forecasted demand for Impellers in KSA is expected to exceed ~$18MM by 2025
KSA expected market size evolution for Impellers
5%
2020 2021 2022 2023 2024 2025
$ M
M
16.817.7
18.5
The market for Impellers in KSA is
forecasted at $18,5MM by 2025
and the rest of the GCC is
estimated at $23MM
14.5 15.316
© Saudi Arabian Oil Company, 2020
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Local value chain gaps translate into opportunities to do business in KSA
1. Establish an Impellers
design and R&D center to
develop designs for KSA
requirements
2. Develop equipment
locally and supply to
manufacturing facilities
3. Assemble and Test Impellers prior to use in operations
4. Establish technical support service center to serve requirements for manufacturer Impellers
Potential investment opportunities
Design Manufacturing Assembly & Testing
Lifecycle Management
© Saudi Arabian Oil Company, 2020
Vessels Internals
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Saudi Aramco: Public
Vessels Internals represent an attractive localization opportunity given the current supply gap and expected demand growth
Establish a manufacturing
facilities of Vessels
Internals to serve the KSA
and GCC Oil and Gas
industry
The opportunity
1. Historically for the last 4-year,
Aramco procurement exceeded
$ 102 MM
2. Forecasted ~4% annual
growth on the Vessels
Internals demand until 2025,
for Aramco
3. No Local Manufacturers for
Internals materials
4. Attractive cost base including
low logistics, land, utilities, and
labor costs
The business case
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Vessels Internals are very critical components for equipment in industries
Internals Applications:
• Process internals are separation devices inside process equipment used for separation of different fluid phases
• Applied in Gas Liquid Separation in gas plants and refineries (such as gas-liquid separator, knock out drums…)
• Applied in Gas Oil Separation plants (High/Low Pressure Separators, Desalter, Column, Dehydrator…)
• Governed by SAES-A-010, SAES-A-017 and 32-SAMSS-038
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Demand for Vessels Internals in Saudi Aramco has been growing and exceeded $ 102 MM over the 2016-2019 period
Vessel Internals
Historical Aramco demand for Internals
grow from $ 12 MM in year 2016 and
reached $ 31 MM in 2019
Over the last 5-year, all the vessels
internals were imported
Saudi Aramco market size evolution for Internals
2016 2017 2018 2019
3131.3
28.4
12
Mill
ion
s
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
The Saudi Aramco forecasted demand for Vessels Internals is expected to exceed $ 214 MM over the 2020-2025 period
Aramco demand on Vessels internals is
expected to grow at 4% from $ 32 MM in
2020 to reach $ 39 MM by year 2025
Saudi Aramco market size evolution for Internals
2020 2021 2022 2023 2024 2025
3936
32
3835
34
4%
Mill
ion
s
Vessel Internals
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The demand for Vessels Internals in KSA and GCC is expected to exceed $ 545 MM over the 2020-2025 period
GCC expected market size evolution for Internals
4%
KSA
Rest of GCC
48 50 52 54 56 58
35 3637
3840
4183 8689
9296
99
2020 2021 2022 2023 2024 2025
Mill
ion
s KSA demand on Vessels Internals is
expected to grow at 4% from $ 48 MM in
2020 and will reach $ 58 MM year 2025
Total GCC demand is expected to reach
$ 41 MM by year 2025
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Local value chain gaps translate into opportunities to do business in KSA
Potential investment opportunities
Design Manufacturing Assembly & Testing
Lifecycle Management
1. Establish Separation
Internals design and
R&D center to design for
KSA requirements
2. Develop manufacturing
facilities to fabricate
process internals
3.Assemble and Test Internals prior to use in operations
4. Establish technical support service center to serve requirements for manufacturer Internals
© Saudi Arabian Oil Company, 2020
Filters
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Saudi Aramco: Public
Filters represent an attractive localization opportunity given the current supply gap and expected demand growth
Establish a manufacturing
facilities of Filters to serve
the KSA and GCC Oil and
Gas industry
The opportunity
1. Over the last 5-year, Aramco
procured +2.75MM units at a
cost exceeding $95MM.
2. Forecasted ~5% annual
growth on the Filters demand
until 2025, for Aramco
3. Attractive cost base including
low logistics, land, utilities, and
labor costs
The business case
© Saudi Arabian Oil Company, 2020
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Filters are very critical components for equipment in industries
Filters Types:
• CONVENTIONAL filters that use cartridge (elements). High potential for localization
• Governed by SAES-A-017
• One of the most common process unit in oil and gas industries
• Used for hydrocarbon gas/liquid and air filtration
• NON-CONVENTIONAL that use special internals or design such as cyclone and wringing separator
© Saudi Arabian Oil Company, 2020
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Demand for Filters in Saudi Aramco has been growing and exceeded $ 95 MM over the 2015-2019 period
+37%
Filters
Saudi Aramco market size evolution for Filters
15 15
2422
20
2015 2016 2017 2018 2019
Millio
n (
$)
• Historical Aramco demand for
Internals grew from $ 15 MM in year
2015 and reached $ 20 MM in 2019
• 85% out of the $ 95 MM was imported
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Filters demand in Saudi Aramco has been growing to 2.75 MM units over the period of 2015-2019
Saudi Aramco market size evolution for Filters (Quantity-Thousands)
811
561
482
620
37%
3%48%
12%
Water Oil Gas Air2015 2016 2017 2018 2019
Filters
277
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
The demand for Filters in Saudi Aramco is expected to exceed $145 MM over the period of 2020-2025
GCC expected market size evolution for Filters
5%
• Aramco demand on Filters is expected
to grow at 5% from $ 21 MM in 2020
and will reach $ 27 MM by 2025Millio
n (
$)
2122
2425
2627
2020 2021 2022 2023 2024 2025
Filters
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
The demand for Filters in KSA & GCC is expected to exceed ~ $109 MM by 2025
GCC expected market size evolution for Filters
5%
KSA
Rest of GCC
• KSA demand on Filters is expected to
grow at 5% from $ 53 MM in 2020
and reach $ 68 MM in 2025
• Total GCC demand is expected to
reach $ 41 MM by 2025
53 56 59 62 6568
3234
3537
3941
8590
9499
104109
2020 2021 2022 2023 2024 2025
Millio
n (
$)
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Local value chain gaps translate into opportunities to do business in KSA
1. Build local manufacturing
facility of filter elements
for different applications
2. Establish Filtration
system design
locally and supply to
manufacturing
facilities
3. Assemble and Test units prior to use in operations
4.Establish technical support service center to serve requirements for manufacturer filters
Potential investment opportunities
Design Manufacturing Assembly & Testing
Lifecycle Management
© Saudi Arabian Oil Company, 2020
Couplings
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Saudi Aramco: Public
Couplings represent an attractive localization opportunity given the current supply gap and expected demand growth
Establish a manufacturing
facilities of Couplings to
serve the KSA and GCC Oil
and Gas industry
The opportunity
1. For the last 5-year, Aramco
procured + 800M units
2. Aramco forecasted ~3%
annual growth on the
Couplings demand until 2025
3. No specialized Local
Manufacturers for Couplings
4. Attractive cost base including
low logistics, land, utilities, and
labor costs
The business case
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Couplings are very critical components for equipment in industries
Couplings Classifications and uses:
• Classified into Rigid and Flexible Couplings
• To connect the driving and the driven parts. It provides for misalignment of the shafts or to introduce mechanical flexibility
• To reduce the transmission for shock loads from one shaft to another and introduce protections against overloads
• To connects pipes together and they are three types full, Half and Reducing Couplings
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Demand for Couplings in Saudi Aramco has been growing over the 2015-2019 and exceeded $ 152 MM
• Historical Aramco demand on
Couplings grow from $ 11 MM year
2015 and reached $ 35 MM in Year
2019
• The majority of these couplings were
imported from OOK suppliers
Saudi Aramco market size evolution for Couplings
11
17
70
19
35
0
10
20
30
40
50
60
70
80
2015 2016 2017 2018 2019
Millio
n (
$)
Couplings
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
The forecasted demand for Couplings in Saudi Aramco is expected to exceed $ 234 MM over the period of 2020-2025
• The Aramco demand on Couplings is
expected to grow at 3% from $ 36 MM
in 2020 and will reach $ 42 MM year
2025
Saudi Aramco market size evolution for CouplingsM
illio
n (
$)
Couplings
36
37
38
40
41
42
2020 2021 2022 2023 2024 2025
3%
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
3%
KSA and GCC market size evolution for Couplings
The demand for couplings in KSA & GCC is expected to exceed $ 654 MM over 2020-2025
54 56 58 59 61 63
47 48 50 51 53 54101 104 107 111 114 117
0
20
40
60
80
100
120
2020 2021 2022 2023 2024 2025
• The KSA demand on Couplings is
expected to grow at 3% from $ 54 MM
in 2020 and will reach $ 63 MM year
2025
• Total GCC demand is expected to
reach $ 54 MM by year 2025
Millio
n (
$)
KSA
Rest of GCC
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Local value chain gaps translate into opportunities to do business in KSA
1. Establish Separation
Internals design and
R&D center to design for
KSA requirements
2. Potential to establish
facilities to locally
machine and
manufacture couplings
3.Potential to develop SMEs to perform services, such as non-destructive inspection and testing to support local manufacturing
4. Establish technical support service center to serve requirements for manufacturer couplings
Potential investment opportunities
Design Manufacturing Assembly & Testing
Lifecycle Management
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
Please Direct All Inquiries To:
Farhan AlGhamdi
Mohammad Alolaiwi
Nasser Alrushoud
For More Business Development & Market Information Visit:
Website: www.iktva.sa/opportunities
Email: [email protected]
© Saudi Arabian Oil Company, 2020
Abdullah Alqahtani