Petro Rabigh was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The plant is valued at about US $10 billion and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives. Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.
Duties and responsibility
Developing all required inputs for operating plan, business plan from pricing, supply and demand justification.
Close communication with marketers to ensure sales is on target with approved marketing plan; monitor markets east and west regions and influence sales to maximize profits.
Analyze Crude, Refined Products, Petrochemmical Products price trend and provide price forecast with supply and demand justifcations. Develop backcasting assessments and areas to improve the forecasting accuracy going forward.
Develop Marginal value analysis to optimize PRC production and sales profitability.
Develop Business case evaluations for new investors and sales deals.
Implementation of new market risk management scheme such as hedging (lock in Crack Spread or Pricing Swaps intermonth).
2. Development & Goals:
Ensure knowledge transfer to LMS team members.
Striving to find new business opportunities.
Develop executive level reports and presentations to management.
Support in developing marketing strategies for Refined and Monomer Products.
Analyze gross marginal data and crack spread of refinery products and monomer.
Market Research for new project and assess relation to operations and pricing.
Data Analytics. Analyze sales data and find out sales opportunities where PRC can maximize profitability
4. Enhancements Customer Services:
Make sure that marketers and off takers and all related stakeholders requirements are fulfilled within the agreed scope of agreements and ensure any technical response on time.
5. Audit Items:
Business Agreement Compliance.
Ensure all business activities aligned with off take and marketing agreement clauses.
Establish mechanism to spot claims in favor to PRC and the ability to combat against any claim.
Provide responses in all audit findings of department.
1. Bachelor of Engineering, or Marketing/Economics/Statistics, or equivalent.
2. Minimum of 12 years of experience in different fields particularly in trading, marketing & Sales.
3. Highly experiences in the area of Refined Products and Monomers/Chemicals.
4. High skill in supervisory, management, good communication.
5. Data Analytics, analyzing price / margins and sales data and come up with profound conclusions.
6. Working knowledge in Refined & petrochemical products.
7. Thorough experience & understanding Marketing & Sales, administration.