PETRO RABIGH
Michael Gustafson , General Manager of Material , Procurement and Contracts discusses the procurement methods that Petro Rabigh is utilising through significant change in Saudi Arabia
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I n a country driven by change amidst the incoming Saudi Vision 2030 , companies in Saudi Arabia have an obligation to adapt to and embrace the latest trends in order to thrive in a competitive petrochemical industry . With ambitions of becoming one of the most profitable refinery and petrochemical plants in the world , Petro Rabigh knows first-hand just how vital the next few years are to the future of Saudi Arabian businesses .
Originally formed in 2005 as part of a joint venture between Saudi Aramco and Sumitomo Chemical , Petro Rabigh produces 18.4mn tons per annum ( mtpa ) of petroleum-based products and 2.4mtpa of ethylene and propylene-based derivatives . With the plant ’ s Phase I and recently launched Phase II together valued in the region of $ 20bn , Michael Gustafson , General Manager of Material , Procurement and Contracts , believes that these
DECEMBER 2018