New Aramco Overseas Company Office in Shanghai creates business opportunites in China
SHANGHAI, China ― Saudi Aramco executives Tuesday officially opened the new Aramco Overseas Company (AOC) office in Shanghai, People’s Republic of China.
The office will focus on the strategic sourcing of new companies involved in manufacturing and contracting of material for Saudi Aramco, AOC’s parent company, creating significant business opportunities for Chinese businesses through Saudi Aramco’s massive capital programs.
Saudi Aramco’s long-range plan is to focus on the emerging markets in China, through the strategic location of the Shanghai office in this region of rapid industrial development and commercial activity. The main function of the AOC office is to identify and assess manufacturer capability and performance, concentrating on material supply services and inspection against Saudi Aramco’s critical commodities requirements.
Esam A. Mousli, Saudi Aramco’s vice president of Materials Supply, who officially inaugurated the Shanghai office, said: "This is another step along the path of good relations between China and Saudi Arabia. The growing significance of China as an emerging giant in the Industrial world made us quite confident that Chinese manufacturers will play a major role in contributing to Saudi Aramco’s supply chain. The office in Shanghai will focus on strategic sourcing of commodities and services from China. The business generated here will depend on the availability, pricing and quality of services offered by Chinese manufacturers and contractors. Saudi Aramco continues to source materials from other parts of Asia, the Middle East, Europe and North America. By using Shanghai as a centre, we can cover other regions in China."
On November 10, 2006, Aramco Overseas Company opened a similar office in Kuala Lumpur, Malaysia.The opening of these two new offices reflects the growing importance of the Asia Pacific region to Saudi Aramco, not only as a market for its crude oil and products, but also as a provider of essential goods, materials and services.
The Shanghai office is centrally situated in the commercial heartland of China, surrounded by a number of world’s foremost corporations. It has a complement of seven staff members under direct supervision of AOC.
Physical Address
Aramco Overseas Company B.V.
Room 023, 27th Floor
1000 Lujiazui Ring Road
HSBC Tower, Pudong New Area
Shanghai 200120
People’s Republic of China
About Saudi Aramco
Owned by the Saudi Arabian Government, Saudi Aramco is a fully-integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, shipping and marketing. The company manages proven reserves of 260 billion barrels of oil, the largest of any company in the world, and manages the fourth-largest gas reserves in the world. Saudi Aramco owns and operates the world’s second largest tanker fleet to help transport its crude oil production, which amounted to 3.3 billion barrels in 2005.
In addition to its headquarters in Saudi Arabia’s Eastern Province city of Dhahran, Saudi Aramco has affiliates, joint ventures and subsidiary offices in China, Japan, Netherlands, Philippines, Republic of Korea, Singapore, United Arab Emirates, United Kingdom and the United States. More information about Saudi Aramco can be found at http://www.saudiaramco.com/.
About Aramco Overseas Company B.V.
Aramco Overseas Company B.V. (AOC) is a subsidiary of the Saudi Arabian Oil Company (Saudi Aramco), based in Leiden, The Netherlands. AOC operates primarily in Europe and the Far East, providing its affiliates in the Saudi Aramco global oil and gas enterprise with a wide range of services including finance support, supply chain management, technical support services and a variety of administrative support services.
AOC also holds interests in hydrocarbon refining and marketing companies in Asia as well as storage and terminal facilities in Europe, including TEAM Terminal BV in the Netherlands. AOC operates outside The Netherlands through branch offices in China, Japan, Malaysia and Italy.
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