Services

Marketing Services Coordination

Our expertise helps strengthen relationships between Saudi Aramco and its customers in Korea.

The relationship between Saudi Aramco and Korea dates back to the 1960s, following Korea's rapid economic and industrial expansion. Saudi Aramco maintains its firm position as the single largest supplier of crude oil to Korea, accounting for nearly 30% of Korea's total crude oil imports. Saudi Aramco's current sales volume to Korea exceeds 800,000 barrels per day, which includes sales to Saudi Aramco's joint venture partner, S-Oil.

Our primary role is to bolster Saudi Aramco's substantial long-term commitments to Korea's crude oil, gas, refined products and petrochemicals market. Marketing Services Coordination covers the following activities:

• Marketing support services
• Market intelligence and analysis
• Customer relations

Our proactive and professional support services reaffirm Saudi Aramco's position as a reliable supplier of crude oil, LPG, refined products, petrochemical products and LNG to the Korean market.

Joint Ventures Coordination

We are in charge of overseeing and coordinating the business of Saudi Aramco's joint ventures in Asia including those in Korea, China and Japan. We support the operation of the joint ventures in Asia to maximize the interests of not only our shareholders but also of the joint ventures. Cooperation between Asia joint ventures and Saudi Aramco has been further enhanced as a result of our efforts:

• Shareholder representative

  Monitor and evaluate the financial and operational performance of Saudi Aramco's joint ventures in Asia

•  Advisory services

  Provide consultation on agenda items

• Strategic alignment and synergy creation

   Develop, execute, and support synergy creation opportunities between Saudi Aramco and its joint ventures in key areas of collaboration 

Strategic Sourcing and Supplier Relationship Management

We aim to enhance the Saudi Aramco supply chain by capitalizing on Korea's EPC (Engineering, Procurement, and Construction), construction and manufacturing competitiveness to achieve Saudi Aramco's strategic sourcing objectives. Support for companies who can bring advanced technologies to Saudi Aramco is also provided. We promote investment in Saudi Arabia and the iktva program. More importantly, Strategic Sourcing and Supplier Relationship Management explores and expands mutually beneficial business collaboration opportunities between Saudi Aramco and Korean partners.

• Source high-quality products and services from suppliers including material vendors, manufacturers, and service providers
• Identify and register suppliers to enhance the Saudi Aramco's supply chain
• Support the iktva program in line with Saudi Vision 2030
• Promote investment in Saudi Arabia
• Manage supplier relationships

Quality Management

We ensure quality is being implemented effectively throughout the whole commodity procurement life cycle. With our knowledgeable engineers, we aim to ensure all materials procured fully comply with the applicable standards and specifications.

• Perform quality assessment for Saudi Aramco's existing and potential material suppliers
• Monitor that all materials procured for capital projects and operating facilities are in full compliance with the applicable standards and specifications
• Identify new proven inspection technologies and apply them to the wider business

Engineering Services

We provide high-value technical support to Saudi Aramco, and explore new technologies, innovations and potential material suppliers in the Asia region.

• Perform technical assessment for Saudi Aramco's existing and potential material suppliers
• Perform engineering studies and market research for new technologies and innovations
• Support Saudi Aramco's strategies in Digital Transformation and Non-metallic in collaboration with technology providers, Solution Centers and Saudi Aramco