Introduction of Saudi Aramco & ADNOC join hands for petroleum retail in India

        Saudi Aramco, one of the largest oil producer in world and national oil company of UAE Abu Dhabi National oil company (Adnoc) are flourishing the business as retail petroleum and marketing business in India. In the collaborative work, Saudi Aramco and Adnoc signed memorandum with three firms of oils including Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPC), and Bharat Petroleum (BPC). The project is 3 trillion west coast refinery and petrochemicals in the Maharashtra [1]. The project size is around 2.5 million tons (MT)and India signed to fill 0.75 MT space. According to the contract, Saudi Arabia is liable to supply 50% of the crude oil required by Saudi refinery. In the process 1.2 million barrels of oil will be provided to reach approximately 18 MT of petrochemical products [2].

        In order to analyze the practical logistics and challenges in the operation management, I have been appointed as head of Operations and logistics at Saudi Aramco. The objective of my analysis is to provide the report that identifies challenges in logistics, operation management, design, delivery process, services, and supply chain [1]. Besides this, the present report explores the opportunities and probabilities to have better tie up conditions in retail petroleum and marketing. Saudi Aramco and Adnoc are working collectively therefore the present report includes evaluation of operations and how to penetrate the Indian Downstream petroleum market [1].

References of Saudi Aramco & ADNOC join hands for petroleum retail in India