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Sat, 07 Nov 2009 | 21:46 GMT
 

SAMREF and ASC sign procurement and logistics Deal

Saudi Press Agency
 
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Houston, March 19, SPA -- Aramco Services Co. (ASC) and Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF)Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF)Loading... has entered into an agreement for ASC to provide SAMREFSAMREFLoading... with procurement and logistics (P&L) services for materials marketed in North and South America. The contract, effective immediately, is for an initial five-year term.

ASC president and CEO Mohammed Y. Al-Qahtani and SAMREFSAMREFLoading... Contracts and Purchasing manager Saleh Hassoubah co-signed the agreement recently at a ceremony at ASC. Through its P&L Department, ASC will buy and ship materials such as spare parts, valves, fittings, pipes, bearings and other equipment to support SAMREFSAMREFLoading...'s refinery operations, according to a report carried by Saudi AramcoSaudi AramcoLoading...'s web-site.

SAMREFSAMREFLoading... is equally owned by Saudi AramcoSaudi AramcoLoading... and ExxonMobil. Located in Yanbu', SAMREFSAMREFLoading... is an export refinery. It operates crude oil refining facilities that process about 400,000 barrels per day to produce top-quality gasoline, diesel and other premium fuels. The finished products are exported to customers in Europe, North America and the Far East.

Although ASC has long provided P&L services to Saudi AramcoSaudi AramcoLoading..., this is the first time ASC will provide such services to a Saudi AramcoSaudi AramcoLoading... joint-venture company.

"On behalf of SAMREFSAMREFLoading... management, I would like to say that we are very pleased to enter into this business arrangement with ASC," Hassoubah said. "The company has a proven track record of service reliability and quality control, which, of course, is important to the success of our operations. We also look forward to benefiting from ASC's long-established agreements and network of qualified suppliers."

Abdulaziz A. Al-Ajeeb, manager of the ASC P&L Department, said, "This is a moment of celebration for the P&L staff and all of us here at ASC. I am very proud of the ASC team who worked through the commercial and legal details of this service agreement. We look forward to successful implementation of this agreement, and also extending ASC procurement and logistics services to other joint-venture companies in the future."

© Saudi Press Agency 2008

 
 
 
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