Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

Saudi Aramco's Uthmaniyah Gas Plant has been recognized by the World Economic Forum for its leadership in technology application in Advanced Analytics and Artificial Intelligence. (Reuters)
Updated 22 January 2019

Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

JEDDAH: Saudi Aramco’s Uthmaniyah Gas Plant (UGP) has been recognized by the World Economic Forum (WEF) as a “Lighthouse” manufacturing facility and a leader in technology applications of the Fourth Industrial Revolution. 
Saudi Aramco is the first energy company globally to be included in this select group of manufacturing sites. The plant is also the only facility in the Middle East to be recognized by WEF. 
The announcement was made ahead of WEFs annual meeting in Davos, Switzerland.
The gas plant is one of the world’s largest gas processing plants and was commissioned in 1981 as part of Saudi Aramco’s Master Gas System to process associated gas from oil wells. 
The use of drones and wearable technologies to inspect pipelines and machinery has helped cut inspection time by 90% in this industrial facility.
“The recognition of the Uthmaniyah Gas Plant demonstrates Saudi Aramco’s shift to transform and adapt in the rapidly changing global energy landscape. Uthmaniyah is only one part of our large integrated energy value chain where IR 4.0 technologies are playing a critical role to enable significant capital and operational efficiencies,” said Amin H. Nasser, Chief Executive Officer of Saudi Aramco.
The seven new facilities join nine other “Manufacturing Lighthouses” which WEF unveiled in September 2018. The 16 factories were selected from an initial list of 1,000 manufacturers based on their successful implementation of cutting-edge technologies of the future that drive financial and operational impact.
The “Lighthouse” program was conducted by WEF in collaboration with McKinsey during a year-long study. A study team visited UGP in Saudi Arabia and performed a thorough audit.


Russian president Vladimir Putin arrives in Saudi Arabia

Updated 32 sec ago

Russian president Vladimir Putin arrives in Saudi Arabia

DUBAI: Russian President Vladimir Putin arrived in Riyadh on Monday in his first visit since 2007, and is scheduled to have a meeting with Saudi King Salman as well as Crown Prince Mohammed bin Salman.

Riyadh Govervor Prince Faisal bin Bandar personally welcomed the Russian leader.

Putin’s “long-awaited” visit will include discussions on “further cooperation to stabilize prices on the world carbohydrate market” as well as the situation in Syria, the Gulf and Yemen.

The Russian leader, in an interview with Arab broadcasters and aired on Sunday ahead of his arrival, described the “very good relations” with the Saudi leadership.

“We consider Saudi Arabia a friendly nation. I have very good relations with both the King and the Crown Prince,” Putin said, and noted the improved bilateral relations between both countries.

Putin in the interview likewise condemned the Sept. 14 attacks on Aramco facilities, and said “such actions do not bring any positive results to anybody, including perpetrators,” as they do not have a strong effect on the market.

“We condemn any such actions, end of story. This is the official position … regardless of who stood behind the incident,” the Russian president commented.

A forum attended by Saudi Arabian and Russian business leaders and government officials earlier Monday resulted in the signing of several agreements between companies of both countries.

Watch the live coverage of Putin’s arrival: