Saudi Aramco Showcases its e-Marketplace Program at GCC Energy Supply Chain Meeting

Saudi Aramco hosted on March 1 and 2 a meeting of GCC oil and gas executives and experts in supply chain management to discuss and share experiences in the quickly evolving supply chain sector in the Gulf countries.

Addressing the 32nd GCC Supply Chain Committee meeting held at the Sofitel Hotel in Al-Khobar under the theme “Supply Chain Excellence in the GCC,” Saudi Aramco VP Procurement and Supply Chain, Abdulaziz Abdulkarim delivered a speech on Saudi Aramco supply chain transformation which is designed to meet the company’s operational requirements and support Vision 2030, leveraging cutting edge technology and enabling best-in-class procurement processes.

Abdulkarim said: “The role of our supply chain organizations in optimizing investments is more important than ever. We must continue to drive greater efficiencies and find ways to do things better and more cost effective, while maintaining higher levels of quality and delivery and leveraging enabling technologies.”

This is the third time Saudi Aramco hosts the GCC energy supply chain event. The meeting provided a platform and agenda for discussion between supply chain organizations of National Oil and Gas Companies (NOCs) from the GCC to discuss mutual areas of interest and identify opportunities for benchmarking and sharing of best practices. Topics discussed included Supply Chain Transformation Strategies, Inventory Management, Cost Efficiency Challenges and Solutions, and e-Marketplace - which is designed to provide a collaborative regional procurement platform to leverage procurement among GCC members.

Attendees included high level delegates from supply chain organizations including Abu Dhabi National Oil Company, Bahrain Petroleum Company, Qatar Petroleum, Kuwait Oil Company, Kuwait National Petroleum Company and Petroleum Development of Oman.