The signature move was the finalization of the $15.6 billion deal to acquire a 70% stake in Saudi Basic Industries Corporation (SABIC) from the PIF, completed in June 2020 but fully integrated and realized throughout 2021. This transformed Aramco into one of the world’s largest petrochemicals players, allowing it to convert crude oil directly into plastics, lubricants, and specialty chemicals. The market approved. Analysts recognized that for every barrel of oil that might be displaced by electric vehicles, there would be growing demand for petrochemicals in solar panels, wind turbine blades, and battery casings. By moving downstream, Aramco hedged its future.
Being "Aramco approved" signifies that a professional, contractor, or supplier has met the rigorous safety and technical standards of Saudi Aramco
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Many enterprises fail to secure approval due to preventable procedural oversights.
The rigorous onboarding process pays off significantly once completed. An Aramco approval acts as a prestigious stamp of quality recognized across the global oil and gas sector. It opens doors to multi-billion dollar contracts in the GCC region and guarantees that your company operates at the absolute pinnacle of industrial safety and quality management standards. The signature move was the finalization of the $15
If your number is under 30%, you are not ready to apply.
5. Looking Beyond 2021: The Evolution of Vendor Requirements Analysts recognized that for every barrel of oil
: Most roles require a minimum of 2 years of relevant field experience, ideally with existing Aramco-approved contractors.