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In 1973, the Saudi government bought a 25% interest in Aramco, increasing that interest to 60% the following year. In 1980, the Saudi government increased its interest in Aramco to 100%.
The Qualification Process involves a computer based test (CBT) and if passed the certificate is issued. If the test is failed then a theoretical and practical training of one to five days must be taken followed by retesting. The customer may choose to take the training first followed by the test.
Saudi Aramco, also called Saudi Arabian Oil Company, formerly Arabian American Oil Company, Oil company founded by the Standard Oil Co. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession.
The Saudi government owns more than 98% of Aramco's shares.
The Qualification Process involves a computer based test (CBT) and if passed the certificate is issued. If the test is failed then a theoretical and practical training of one to five days must be taken followed by retesting. The customer may choose to take the training first followed by the test.
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The authorization confirmation may include inspector's unique registration number created by Aramco (commonly called SAP number). The requesting inspection agency or project contractor shall ensure that information is only shared with the candidate taking the exam.
The state remains the largest shareholder in Saudi Aramco after the transfer process, as it retains more than 94% of the company's shares, the statement said.
It is primarily state-owned but raised $29.4 billion in a 2019 IPO and a greenshoe option in 2020. Moody's rated the company an A1 because of its credit links to the Saudi government.
What do the following abbreviations mean? 9COM \u2013 Saudi Aramco's material classification system that describes a commodity or a class of materials, but not a specific item.
General Commodity materials (9COM) require suppliers to upload/add their catalogue details through SSS, which enables these items to be subject to enrichment and buyer approval. Upon the approval, the items are available for trade via B2B internal catalogue and marketplace (iBuy).

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