21 December 2014 - Aramco Asia recently inaugurated Aramco Asia Singapore as part of its ongoing expansion in Asia. The office has been established to provide crude oil marketing, material sourcing, supply chain logistics, inspection and other engineering services.
"We are confident that the expansion of our office in Singapore will enable us to leverage the growth and opportunities in this region while continuing to serve our customers’ needs with the level of excellence that they have come to expect from Saudi Aramco,” said Ahmed Al-Subaey, executive director of Marketing, Supply and Joint Venture Coordination.
Asia is the company’s biggest crude oil and products market with 60 percent of Aramco’s crude oil being exported to Asia. Aramco Asia currently has six offices in China (Beijing, Shanghai and Xiamen), Japan, Korea and Singapore.
“Asia is a key strategy and focus for us as part of our transformation efforts to become a leading global and integrated energy and chemicals company by 2020. Following the launch of Aramco offices in China and in Korea two years ago, we are very pleased to continue our expansion in Asia with the latest addition of Singapore,” said Ibrahim Al-Buainain, president of Aramco Asia.
The company’s presence in Singapore dates back to 1993, when a representative office was set up in Singapore to provide marketing services to promote sales and develop new markets for Saudi crude oil and refined petroleum products in the Far East region.
"The inauguration of Aramco Asia Singapore underlines the importance of Singapore as the region’s premier hub for oil and gas, as well as a regional base for the Southeast Asia region,” said Fouad Al Rammah, representative director of Aramco Asia Singapore.