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
Introduction
Saudi Aramco, officially known as the Saudi Arabian Oil Company, is a Saudi Arabian oil company headquartered in Dhahran, Saudi Arabia. It is one of the world's largest oil producers and the largest oil company in the world. In 2021, Aramco made significant announcements and achievements that impacted the energy industry. This content provides an overview of Aramco's approved projects, initiatives, and achievements in 2021.
Aramco's 2021 Achievements
In 2021, Aramco made several significant announcements and achieved several milestones. Some of the notable achievements include:
Approved Projects in 2021
Aramco approved several projects in 2021, including:
Aramco's Strategic Partnerships
Aramco formed several strategic partnerships in 2021, including:
Aramco's Financial Performance
Aramco reported strong financial performance in 2021, with:
Conclusion
In 2021, Aramco made significant achievements and approved several projects and initiatives that are expected to drive growth and innovation in the energy industry. The company's strategic partnerships, investments in renewable energy, and digital transformation initiatives are expected to position Aramco for long-term success. As one of the world's largest oil producers, Aramco's activities have a significant impact on the global energy market, and its achievements in 2021 are a testament to its commitment to delivering energy to meet the world's growing demand.
Timeline of Aramco's 2021 Achievements
Here is a timeline of Aramco's 2021 achievements:
FAQs
Here are some frequently asked questions about Aramco's 2021 achievements:
Glossary
Here is a glossary of terms related to Aramco's 2021 achievements:
In 2021, Saudi Aramco experienced a massive financial rebound, doubling its net income as global energy markets recovered
. The year was marked by high-stakes infrastructure deals and a new long-term commitment to sustainability. Financial Powerhouse Results
Aramco's performance in 2021 was defined by "financial discipline" and a significant rise in crude oil prices. Net Income : Surged to $110.0 billion , a 124% increase from $49.0 billion in 2020. Free Cash Flow $107.5 billion , up from $49.1 billion the previous year. : Declared a total cash dividend of $75 billion for the year. Gearing Ratio : Improved significantly, dropping to by year-end from 23.0% in 2020. Strategic Moves & Infrastructure Deals
Aramco optimized its portfolio through massive "lease and leaseback" agreements to unlock value from its infrastructure. Gas Pipeline Deal : Signed a $15.5 billion deal in December with a consortium led by BlackRock Real Assets Oil Pipeline Deal : Earlier in the year, closed a $12.4 billion deal for its oil pipeline network with a consortium led by EIG Global Energy Partners SABIC Integration
: Transferred marketing and sales responsibility for many petrochemical products to as part of its chemicals-led growth strategy. Aramco announces full-year 2021 results
The following report outlines the key approvals and financial performance of Saudi Aramco during 2021, a year characterized by robust recovery and strategic capital allocation. 2021 Financial & Capital Approvals aramco approved 2021
Saudi Aramco maintained a disciplined approach to capital expenditure and shareholder returns throughout 2021.
Capital Expenditures: The company expected 2021 capital expenditures to be approximately $35 billion, a reduction from its original guidance of $40–$45 billion to maintain financial discipline.
Shareholder Dividends: A dividend of SAR 70.33 billion ($18.76 billion) was declared for the first quarter of 2021 alone.
Pipeline Infrastructure Deal: Aramco approved a significant $12.4 billion infrastructure deal involving a 25-year lease and leaseback agreement for its stabilized crude oil pipeline network.
Sukuk Program: The company established an international Sukuk program, aggregating to SAR 22.5 billion ($6.0 billion) in Shari'a compliant securities. Operational & Strategic Approvals
Local Content Targets: Aramco aimed to raise the percentage of locally produced energy-related goods and services to 70% by 2021 through its procurement and supply chain strategies.
Sustainability & ESG: The 2021 Sustainability Report was approved, highlighting focus areas such as climate change, energy transition, and minimizing environmental impact.
Auditing: For the 2021 fiscal year, full-scope audits were approved and performed for significant components in locations including Dhahran, Riyadh, the United States, and South Korea. Vendor & Technical Approval Standards
Companies seeking "Aramco Approved" status in 2021 had to adhere to several standardized processes: Saudi Aramco Sustainability Report 2021 EN - Scribd
Yes and no.
If you missed the 2021 approval cycle, do not chase a historical year. Instead, chase the spirit of 2021: heavy local investment, transparent financials, and relentless quality. Build a 2026 application that references your continuous improvement since 2021. That will impress the Aramco procurement team far more than a four-year-old stamp.
Ready to start? Visit the official Aramco Sourcing Portal, download the "Vendor Onboarding Guide 2025," and begin your IKTVA self-assessment today. The window for the next wave is open now.
Disclaimer: This article is for informational purposes. Saudi Aramco's policies and portals change frequently. Always consult the official Aramco supplier documentation or a certified local legal expert before submitting an application.
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: Saudi Arabia and beyond, obtaining this approval in
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:
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
The year 2021 was a turning point for Aramco’s procurement strategy. Coming out of the 2020 oil price volatility and moving into Saudi Vision 2030, Aramco drastically overhauled its vendor criteria. The "2021" tag typically refers to three major shifts:
The process to become an Aramco-approved vendor typically involves:
Registration: Vendors register through Aramco’s Vendor Registration System, providing detailed information about their company, including financial data, technical capabilities, and quality assurance processes.
Pre-Qualification: Aramco conducts a pre-qualification assessment to ensure vendors meet the minimum requirements.
Audit and Assessment: Successful vendors undergo an audit and assessment process to verify their compliance with Aramco’s standards.
Approval and Listing: Vendors who pass the evaluation are approved and listed on Aramco’s Vendor Database.
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.
The biggest hurdle in 2021 was the IKTVA score. Aramco required a minimum Local Content score of 35% for service contracts and 45% for manufactured products. Companies without a physical Saudi workshop or local partner were largely excluded from the 2021 list. Increased Oil Production : Aramco announced that it