J-Power Systems Saudi Concludes Long Term Supply Agreement with Saudi Arabian Oil Company for Submarine Power Cables
November 16, 2016
Sumitomo Electric Industries, Ltd.
J-Power Systems Saudi Co., Ltd. (JPS Saudi), a submarine power cable manufacturer located in the Kingdom of Saudi Arabia (KSA), has concluded a long term supply agreement (LTA) with Saudi Arabian Oil Company (Saudi Aramco), the largest oil company in the world. Under the agreement, JPS Saudi, a subsidiary of J-Power Systems, Inc. (JPS), itself a subsidiary of Sumitomo Electric Industries, Ltd., will provide submarine power cables, accessories and services for offshore platforms.
Sumitomo Electric had supplied submarine power cables to Saudi Aramco since 1974, and the business was transferred to JPS in 2001. Saudi Aramco has encouraged foreign manufacturers with advanced technologies, like JPS, to establish plants and factories in KSA. JPS Saudi, established in 2009, built its submarine power cable plant in Saudi Aramco's Tanajib complex in 2013, marking the first plant of its type in the Middle East.
Saudi Aramco requires contracted vendors and suppliers to strictly comply with Saudi Arabian Government policies and guidelines, including Localization and Saudization. In full compliance with the standards and regulations of Saudi Aramco, JPS Saudi concluded the LTA to supply "Made in KSA" submarine power cables with the same quality and reliability as Japanese made cables with more timely delivery.