Saudi Arabia Becoming an Aramco Supplier
Saudi Arabian Oil Company (Aramco) operates as an oil exploration company focusing on hydrocarbons exploration, production, refining, distribution, shipping, and crude oil marketing services.
Companies interested in becoming Aramco suppliers must register with Aramco.
- U.S. companies based in Saudi Arabia should register at Saudi Aramco.
- U.S. companies based outside Saudi Arabia must contact Aramco Services Company in Houston, Texas.
- For further guidance, read Aramco’s Supplier Registration Technical Guide.
All suppliers must contribute to Aramco’s In-Kingdom Total Value Add (IKTVA) program, which is designed to increase investment into Saudi Arabia. Aramco suppliers must report information across eight categories: Revenue; Goods, Services, and Depreciation/Amortization; Saudi Payroll Related Costs; Saudi Training and Development; Saudi Supplier Development; Research and Development; Investments; and Other. From this data, Aramco calculates an IKTVA ratio that approximates the percent of Aramco’s spend with you that remains in Kingdom or develops the Kingdom’s supply chain and capabilities. IKTVA factors include: (A) Localized Goods & Services; (B) Salaries Paid to Saudis; (C) Training & Development of Saudis; (D) Supplier Development Spending; (R) Research & Development; (X) Export Revenue Factor (%); (E) Company Revenue. Your IKTVA score is calculated as follows: % IKTVA = [(A+B+C+D+R)/E]+X.
To determine your IKTVA baseline:
Download the IKTVA package that includes the IKTVA survey and other supporting documents.
Complete the survey and get it certified by one of the approved audit firms.
Submit all certified documents via the IKTVA Survey Submission form.
To present all the data you’ve collected as a detailed story of how you plan to improve upon your IKTVA baseline, leverage the “5-Year IKTVA Plan Format Guide.”