Saudi Aramco 2021 Performance Report In 2021, Saudi Aramco experienced a major financial recovery, driven by higher crude oil prices and improved refining margins. The company reported a net income of $110.0 billion, a 124% increase from $49.0 billion in 2020. Financial Highlights Revenue: Surged 75% year-on-year to SR 1.35 trillion.
Free Cash Flow: Reached $107.5 billion, more than doubling from $49.1 billion in 2020.
Dividends: Declared a total cash dividend of $75 billion for the year.
Capital Expenditure: Increased by 18% to $31.9 billion to support growth projects.
Gearing Ratio: Improved significantly to 14.2% by year-end, down from 23.0% in 2020. Saudi Arabian Oil Co (2222) SAR 28.80 2.74% since Jan 3, 2021 As of Apr 26, 15:19 GMT+3 • Disclaimer Dec 30, 2021 Strategic & Operational Milestones
Sustainability Ambition: In October 2021, Aramco announced its goal to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across wholly-owned operated assets by 2050.
Jafurah Gas Field: Commenced development of the largest non-associated gas field in Saudi Arabia, targeting 2 billion standard cubic feet per day by 2030.
Industrial Investment: Expanded the Namaat program with 22 new MoUs to drive economic diversification and localization.
Infrastructure Optimization: Signed a $15.5 billion lease and leaseback deal for its gas pipeline network.
Energy Capacity: Focused on increasing Maximum Sustainable Capacity (MSC) to 13.0 million barrels per day by 2027. Aramco announces full-year 2021 results
To provide the most accurate paper, could you please clarify which aspect of "Aramco Approved" or the year
you are referencing? The term is used in several different contexts: Aramco Personnel & Contractor Approval:
The rigorous process individuals (like QC inspectors, safety officers, and engineers) undergo to become certified to work on Aramco projects. This involves joining a contractor, passing interviews, and clearing a Computer-Based Test (CBT). Aramco Vendor & Material Approval: aramco approved 2021
The process local and international manufacturers use to get their materials and engineering commodities approved for use in Saudi Aramco projects (governed by frameworks like the ERTQA handbook). The 2021 Basis of Preparation / Sustainability Report:
An official corporate document issued by Saudi Aramco detailing their data consolidation approach and boundary scopes for their 2021 environmental, social, and governance (ESG) performance.
Aramco Work Permit System (GI 2.100 issued/updated in 2021):
The specific safety procedures and authorization protocols required to work in restricted Aramco areas.
Please reply with your specific focus or any critical details (such as the target audience or length of the paper), and I will gladly generate a comprehensive, structured paper tailored to your needs. How would you like to narrow down the topic? Energy security for a sustainable world - Aramco
To become "Aramco approved" in 2021, suppliers and contractors must navigate a multi-stage registration and qualification process through the Aramco e-Marketplace Platform
. This guide outlines the essential steps, required documentation, and specific standards based on the company's 2021 protocols. 1. Initial Supplier Registration
All entities must first register as a supplier to be recognized in the Saudi Aramco Supplier Management System e-Marketplace Platform
: Registration is handled via the SAP Ariba network, where companies provide basic profile information. Registration vs. Qualification : Registration provides system access and a unique Vendor ID (100xxxxx)
, but does not guarantee business or eligibility for specific categories. Code of Conduct : Acknowledging the Aramco Supplier Code of Conduct is a mandatory first step for all prospective vendors. 2. Mandatory Documentation (2021 Standards)
For In-Kingdom (Saudi Arabia) based suppliers, the following valid documents are required for the initial application: Commercial Registration (CR) Certificate
: Must specifically authorize the services or materials you intend to provide. Governmental Compliance Saudi Aramco 2021 Performance Report In 2021, Saudi
: Valid copies of Zakat, Value Added Tax (VAT), and General Organization for Social Insurance (GOSI) certificates.
: Industrial License (for manufacturers) or Civil Defense License (as applicable). Bank Reference Letter
: Stating the relationship status and the types of services the bank provides to your company. Cybersecurity Compliance Certificate (CCC)
: A critical requirement for modern digital integration with Aramco systems. 3. Manufacturer & Technical Qualification
If you are a manufacturer, you must undergo further technical evaluation to be "qualified" for specific materials (9COMs or 9CATs). Become a supplier - Aramco Europe
Saudi Arabia and beyond, obtaining this approval in 2021 opened doors to some of the world's most lucrative energy and infrastructure projects. The Impact of 2021 Approvals
The year 2021 was a pivotal period for Saudi Aramco as it navigated a post-pandemic recovery, reporting a massive 124% increase in net profit to reach $110 billion for the full year. This financial surge translated into a significant push for new project approvals and contract awards, particularly in segments like the King Salman International Complex for Maritime Industries.
Being listed on the Aramco Approved Vendor List (AVL) in 2021 meant a company had successfully passed one of the industry's most rigorous prequalification processes. 2021 Approved Vendor Highlights
Several prominent companies maintained or secured their approved status in 2021 across various specialized categories:
Scaffolding & Construction: Companies such as Arabian Fal Holdings (Vendor #10005717) and Nasser S. Al-Hajri (Vendor #10006602) were key approved entities for specialized services.
Manufacturing: Arabian Pipes Company (APC) and international players like Vyksa Steel Works (Russia) appeared on major material manufacturer lists.
Service Providers: Firms like Sendan International and Mohammed Salem Al-Suwaidi Company had their statuses updated or revised as recently as December 2021. Core Requirements for Aramco Approval Become a supplier | Aramco A physical presence in Saudi Arabia
While IKTVA launched before 2021, 2021 was the year it became mandatory for approval. Vendors seeking "Approved" status had to prove:
If a vendor didn’t have a local entity and a 5-year local investment plan by 2021, their application was automatically rejected.
First, a critical clarification: “Aramco Approved” does not refer to a single product or a software update. It refers to a vendor or manufacturer being added to Saudi Aramco’s Vendor Inspection and Registration Databases (also known as the Business-to-Business or In-Kingdom Total Value Add system).
When people search for “Aramco Approved 2021,” they are usually asking one of two things:
Headline: A Milestone Achieved! 🚀
I am delighted to share that I have successfully completed the necessary evaluations and my profile is now Aramco Approved (2021).
This approval opens up new opportunities to contribute to major projects within the Kingdom. It has been a rigorous process, but hard work and dedication to professional standards have paid off.
Ready to take on new challenges in the energy industry!
#CareerUpdate #Aramco #EngineerLife #ProfessionalGrowth #SaudiArabia #AchievementUnlocked #ApprovedVendor
Being Aramco approved signifies that a vendor has met the rigorous standards set by Saudi Aramco. The approval process involves a thorough evaluation of the vendor's capabilities, including their financial stability, technical expertise, quality control measures, and adherence to safety and environmental regulations. This stringent vetting process ensures that only competent vendors are engaged to supply goods and services, thereby safeguarding the integrity and reliability of Aramco's operations.
Be very careful. Many scammers claim to have "2021 approval." Here is how real buyers verify:
Companies needed a valid Commercial Registration (CR) from the Saudi Ministry of Commerce with the exact activity matching the goods/services offered. In 2021, Aramco began automatically rejecting CRs with generic codes (e.g., "general trading").
If you passed finance, you received a SAP Number. The technical evaluation required:
To have achieved "Aramco approved 2021" status, your business had to clear five major hurdles. If you are auditing your own status or applying for re-approval today, these baseline metrics are still relevant.