| Aramco Acquires Final Strategic Storage Site |
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25/02/2009 16:41 (349 Day 05:33 minutes ago) | |||||
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The FINANCIAL -- Saudi Aramco officially took control of the al-Qasim Strategic Storage Site recently with a ceremony for the signing of the initial delivery certificate.
Mustafa M. Al-Mahdi, manager of the Domestic Sales and Logistics Department and Saudi Aramco’s Saudi Strategic Storage Project (SSSP) representative, thanked those in attendance and complemented the parties on their cooperation during the construction and commissioning of the project.
He said that cooperation was an extension of the spirit that prevailed during the development of the storage sites in Riyadh, Jiddah, Abha and Madina. Those four sites are operated, maintained and managed by Saudi Aramco, he said, using the highest safety standards during implementation and commissioning.
HE Musa‘id A. Al-Sayigh, director general of SSSP, praised Saudi Aramco for its constructive role in implementing the mega-project.
At the end of the celebration, Al-Mahdi thanked all those who worked on the project and expressed his appreciation for their dedication and cooperation in the interests of the Kingdom.
This is the fifth and last of the strategic storage sites to be delivered to Saudi Aramco for management and operation, and they have become integral components of the company’s petroleum distribution network. Saudi Aramco and the storage program coordinate to meet the Kingdom’s need for petroleum products during peak demand, Al-Mahdi said.
The sites have also provided Saudi Aramco with the flexibility to perform periodic maintenance on refineries without transporting refined products from one area to another.
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