09-08-2017
KBR signs agreement with Saudi Aramco to expand in-Kingdom localization efforts
KBR, Inc has entered into a Memorandum of Understanding (MoU) with Saudi Aramco to expand and develop KBR's services for Saudi Aramco in line with the Kingdom of Saudi Arabia's (KSA) localization objectives.
The MoU and initiative is in line with Saudi Aramco's In-Kingdom Total Value Add (IKTVA) initiative that aims to double the percentage of locally produced energy-related goods and services to 70 percent of the total spent by 2021.
The MoU also seeks to encourage Saudi Aramco's in-Kingdom and worldwide partners across the supply chain to maintain their commitment to invest in the Kingdom and leverage the huge opportunities for growth of businesses, resources and utilize the available local skills.
"This agreement demonstrates KBR's dedication to meeting and exceeding localization objectives and supporting the Kingdom in developing human capital within engineering and project management," said Stuart Bradie, KBR President and CEO. "The Kingdom of Saudi Arabia remains a key market for KBR's global energy and hydrocarbons business and we are committed to implementing our lessons learned from successful localization initiatives in other geographies and replicating those successes in-Kingdom."
KBR has partnered with clients around the world to create successful local training programs, while employing qualified local nationals on projects. KBR continues to expand upon these efforts in the Kingdom. For example, KBR provided engineering, design, project management, operations and maintenance services for the Sadara project in Jubail, the largest petrochemical complex ever built in a single phase. This project alone created thousands of jobs for both Saudi and U.S. engineers, project managers, and other employees.
"Partnership is in KBR's DNA and we are proud of our long track record of partnership with Saudi Aramco in training and employing local resources. Our legacy of job creation for locals in-Kingdom, including using local fabrication and suppliers on our projects, helps Saudi citizens build sustainable employment, not just for one project but throughout their life and careers – bringing added value to local projects and the national economy," Bradie added.
"We look forward to strengthening our commitment to Saudi Aramco and furthering our long-standing relationship with the Kingdom as we continue to pursue new opportunities," continued Bradie.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024