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Dhahran, Dec 29, 2017, SPA --
Saudi Aramco today launched a joint venture for the international marine industries with Lamprell PLC; National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries ltd.
The project will provide one of the world's largest maritime integrated service complexes, with completion by 2022.
The new joint venture will localize important workshops in Saudi Aramco's supply chain associated with offshore drilling and shipping, reducing costs, response time and increasing flexibility for Saudi Aramco and its partners.
The complex will be able to manufacture four offshore drilling platforms, build more than 40 vessels, including 3 giant oil tankers, and serve more than 260 marine products annually.
Saudi Aramco's Supreme Vice President for Finance, Strategy and Development, and Chairman of the International Marine Industries Company, Eng. Abdullah Bin Ibrahim Al Saadan, said: "The global marine industry will serve Saudi Aramco's strategic goal of becoming the global leader in energy and chemicals through Meet the company's needs of production and shipping."
He added:"The company offers a combination of technology, supply chain efficiency and sustainable partnership, enabling it to become a world-class company offering competitive services to customers."
Al-Saadan said: "The world marine industry is unique in its combination of industrial and operational leadership through a consortium of four global and regional entities in the field of energy and marine industries, and the International Maritime Industries Company has valid applications for the manufacture of more than 20 platforms and the construction of 52 ships over the decade Which demonstrates the confidence of our partners in our ability to manufacture high-quality vessels and platforms to meet the needs of customers and meet the requirements of the environment and sustainability locally and globally, while adhering to deadlines. "
During the event, senior executives of the company were appointed, including the appointment of Engineer Fathi Bin Khalifa Al Sulaim as President and Chief Executive Officer.
"This joint venture will be a regional hub for maritime services and products and will compete globally. Through a combination of technology, integrated facilities, and supply chain efficiency, we will redefine what partnership means with our customers for progress in the marine industry.
Major production and services are expected to start in 2019 and the project will be fully operational by 2022. The project will contribute to the development of national expertise in the field of marine industries and employment generation.
Saudi Aramco is the world's leading integrated company in the field of energy and chemicals. Saudi Aramco produces one in eight barrels of world oil supplies to develop new energy technologies. At Saudi Aramco, we keep in mind the reliability and sustainability of our resources. This helps to promote stability and long-term growth around the world.
http://www.spa.gov.sa/1703780
==========================================================
Aramco said it would manufacture four-stroke engines with Hyundai's HiMSEN brand and would support its use in mobile power plants as well as marine applications for large and small ships.
Saudi Aramco today launched a joint venture for the international marine industries with Lamprell PLC; National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries ltd.
The project will provide one of the world's largest maritime integrated service complexes, with completion by 2022.
The new joint venture will localize important workshops in Saudi Aramco's supply chain associated with offshore drilling and shipping, reducing costs, response time and increasing flexibility for Saudi Aramco and its partners.
The complex will be able to manufacture four offshore drilling platforms, build more than 40 vessels, including 3 giant oil tankers, and serve more than 260 marine products annually.
Saudi Aramco's Supreme Vice President for Finance, Strategy and Development, and Chairman of the International Marine Industries Company, Eng. Abdullah Bin Ibrahim Al Saadan, said: "The global marine industry will serve Saudi Aramco's strategic goal of becoming the global leader in energy and chemicals through Meet the company's needs of production and shipping."
He added:"The company offers a combination of technology, supply chain efficiency and sustainable partnership, enabling it to become a world-class company offering competitive services to customers."
Al-Saadan said: "The world marine industry is unique in its combination of industrial and operational leadership through a consortium of four global and regional entities in the field of energy and marine industries, and the International Maritime Industries Company has valid applications for the manufacture of more than 20 platforms and the construction of 52 ships over the decade Which demonstrates the confidence of our partners in our ability to manufacture high-quality vessels and platforms to meet the needs of customers and meet the requirements of the environment and sustainability locally and globally, while adhering to deadlines. "
During the event, senior executives of the company were appointed, including the appointment of Engineer Fathi Bin Khalifa Al Sulaim as President and Chief Executive Officer.
"This joint venture will be a regional hub for maritime services and products and will compete globally. Through a combination of technology, integrated facilities, and supply chain efficiency, we will redefine what partnership means with our customers for progress in the marine industry.
Major production and services are expected to start in 2019 and the project will be fully operational by 2022. The project will contribute to the development of national expertise in the field of marine industries and employment generation.
Saudi Aramco is the world's leading integrated company in the field of energy and chemicals. Saudi Aramco produces one in eight barrels of world oil supplies to develop new energy technologies. At Saudi Aramco, we keep in mind the reliability and sustainability of our resources. This helps to promote stability and long-term growth around the world.
http://www.spa.gov.sa/1703780
==========================================================
Aramco and Hyundai intend to produce engines and pumps in Saudi
Arabia
Arabia
Aramco said it would manufacture four-stroke engines with Hyundai's HiMSEN brand and would support its use in mobile power plants as well as marine applications for large and small ships.
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