Saudi Aramco, a fully integrated, global petroleum and chemicals enterprise, is the state-owned oil company of the Kingdom of Saudi Arabia. Through our 80-year history we have become a world leader in hydrocarbons exploration, production, refining, distribution, shipping and marketing, and the world’s top exporter of crude oil and natural gas liquids (NGLs). We manage proven conventional crude oil and condensate reserves of 260.2 billion barrels. Our average daily crude production in 2013 was 9.4 million barrels per day (bpd).
We are seeking a Senior Economist to join the Global Analysis Department (GAD) within the Strategy & Market Analysis (SMA) Organization.
The core function of the SMA organization is to advise the companyÃ¢‚¬™s management and guide other departments within the company on energy markets and outlooks, economic evaluations, oil pricing, macroeconomic outlook, and international energy policies and regulations, as well as assisting in business planning and strategy formulation.
Your primary role is to assist with Global AnalysisÃ¢‚¬™ achievement of major initiatives in the areas of macroeconomic trends, collection and analysis of global related data, drafting of policy recommendations, economic research, and econometrics. In addition, you will support GADÃ¢‚¬™s efforts in the area of supporting and communicating with corporate management as well as with other relevant organizations within and outside the company with general market outlooks, current and forecasted global refining economics (oil product prices, refinery margins, and capital costs among others), refining capacity developments, and opportunities that could affect the companyÃ¢‚¬™s refining capital program. You will monitor current and future regulations to identify any possible impact on the CompanyÃ¢‚¬™s refining business.
As the successful candidate you will have the following:
BachelorÃ¢‚¬™s degree in Engineering, Economics, Business Administration, Accounting, Financial Management or a related specialty. A graduate degree is highly desirable.
Twenty yearsÃ¢‚¬™ experience in the petroleum industry or other related fields. Some supervisory experience is preferred.
A relevant graduate degrees may be substituted for experience.
A solid understanding of statistical and financial analytical tools.
A working knowledge of petroleum economics, technology and accounting.
The ability to produce, interpret, and present high quality reports.
The ability to work in multicultural and multidisciplinary teams.
The ability to represent the Company externally when needed.
Duties & Responsibilities:
You will be required to perform the following:
Manage and support teams to deliver analytic functions, including overseeing external consultants.
Originate, develop, and recommend the implementation of new planning and analytical concepts and techniques.
Assess and report market conditions on energy outlooks, economic evaluations, oil pricing, macroeconomic outlooks, and international energy policies and regulations.
Act as a senior consultant in Company interactions with SAG counterparts and with U.S. companies.
Advise and assist other organizations on complex planning and analytical problems.
Conduct presentations and lectures, internally and externally on various aspects of the oil industry, and economic development in Saudi Arabia.
Present economic data, research, policies and recommendations in formats that are understandable to stakeholders, staff, and senior company management.
Train and guide staff with their development and mentoring.
Assist in business planning and strategy formulation.