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For Companies At a Glance
- Tasks: Lead refinery optimisation and enhance profitability through strategic planning and analysis.
- Company: Join Aramco, a global leader in energy production with a commitment to sustainability.
- Benefits: Competitive salary, career growth, and the chance to work on impactful projects.
- Why this job: Make a real difference in the energy sector while developing your expertise in a dynamic environment.
- Qualifications: Bachelor's in Engineering; MBA preferred, with extensive experience in downstream operations.
- Other info: Mentorship opportunities and collaboration with top industry professionals.
The predicted salary is between 72000 - 108000 £ per year.
Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer. With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society. Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply. We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking a Refinery Planning Economist to join the Asset Optimization Division under the Global Optimizer Department. The Asset Optimization Division’s charter is to optimize crude allocation and the operations of global manufacturing facilities in order to maximize revenue, increase profitability, and capture international market opportunities. The division also acts as the linear programming (LP) gatekeeper for wholly owned refineries and the integrated global MPIMS model, which is used for optimizing global crude allocation and exploration of new international markets and integration options.
Your primary role is to work with refineries, Aramco Trading Company (ATC) and the Global Optimizer team to optimize refinery’s crude allocation, crude mix, and products slates. With expertise in refinery operations, market dynamics, commercial capabilities, and linear programming modelling, you will produce a sound plan to help ensure the highest returns of Aramco’s downstream assets; and are also accountable to develop, monitor and execute the monthly short operating plan.
Key Responsibilities
- Lead local Linear Programming (LP) runs at individual refineries to drive commercial optimization, focusing on generating crude relative values and rankings that inform strategic decisions. Provide inputs and review results of circuit model runs.
- Analyze major constraints impacting asset logistics and unit performance, identifying investment ideas. Challenge existing limits of LP outputs towards achieving ideal baselines.
- Work closely with ATC to integrate Saudi Aramco’s market perspectives into individual asset’s LPs. Assess intermediate feedstocks, blendstocks and component sales opportunities to further improve refinery margins after crude placement cycle.
- Foster collaboration among asset economists within regions to consolidate LPs, identify inter-site optimization opportunities, and defend refinery interests during trade-off evaluations.
- Contribute to the development of yearly business plans by providing insights into market trends and refinery operations outlook. Execute short-term optimization opportunities within production months, coordinating efforts across refineries, ATC and the central optimization team.
- Evaluate the strategic and commercial viability of potential investments aimed at enhancing the overall system’s efficiency and profitability. Lead asset’s profit improvement studies.
- Mentor junior economists and modelers in optimization principles and leading practices.
Qualifications
- Bachelor’s degree in an Engineering discipline; an MBA is highly desirable.
- Minimum of 12 years in the downstream business, encompassing both manufacturing and commercial aspects.
- Minimum of 3 years in executing LP models and economic analysis.
- Prior experience in Refinery-Chemical integration is advantageous.
- In-depth understanding of engineering practices, economic principles and calculation methodology.
- Proficiency in international business and cross-cultural professional practices is essential.
- Basic fluency in Mandarin or Korean would be beneficial.
Work Location and Work Schedule
- Work Location: Within Saudi Arabia – To be specified in Job offer
- Work Schedule: Full Time - To be specified in Job offer
OSPAS Specialist - Refinery Planning Economist employer: Aramco
Contact Detail:
Aramco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land OSPAS Specialist - Refinery Planning Economist
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend relevant events. We can’t stress enough how personal connections can open doors that applications alone can’t.
✨Tip Number 2
Prepare for interviews by researching Aramco and understanding their market position. We want you to show off your knowledge about refinery operations and how you can contribute to their goals.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the Refinery Planning Economist role. We suggest rehearsing with friends or using mock interviews to boost your confidence.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate candidates who are eager to make an impact in the energy sector.
We think you need these skills to ace OSPAS Specialist - Refinery Planning Economist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Refinery Planning Economist. Highlight your experience in linear programming and refinery operations, as well as any relevant projects that showcase your skills in optimisation and economic analysis.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've driven commercial optimisation in the past and how your background aligns with Aramco's mission and values.
Showcase Your Technical Skills: Don’t forget to mention your technical skills! We want to see your proficiency in LP models and economic analysis. If you have experience with specific software or tools, make sure to include that too!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Aramco
✨Know Your Numbers
As a Refinery Planning Economist, you'll need to demonstrate your understanding of linear programming and economic analysis. Brush up on key metrics and be ready to discuss how you’ve used data to drive decisions in past roles. Show them you can turn numbers into actionable insights!
✨Understand the Market
Familiarise yourself with current trends in the hydrocarbon industry and Aramco's position within it. Be prepared to discuss how market dynamics influence refinery operations and crude allocation. This shows that you’re not just a number-cruncher but also a strategic thinker.
✨Collaboration is Key
Highlight your experience working with cross-functional teams, especially in a global context. Discuss specific examples where you’ve fostered collaboration among different departments or regions to achieve optimisation goals. This will resonate well with their emphasis on teamwork.
✨Be Ready to Challenge Assumptions
Aramco values innovation and improvement. Prepare to discuss times when you’ve challenged existing processes or outputs to achieve better results. This demonstrates your proactive approach and willingness to push boundaries for optimisation.
