Asset Economist - Urgent

We are on the lookout for an expert Asset Economist to join our all-star team at MatchaTalent in Al Dhahran.
Growing your career as a Full Time Asset Economist is an awesome opportunity to develop useful skills.
If you are strong in leadership, planning and have the right experience for the job, then apply for the position of Asset Economist at MatchaTalent today!

About the Company


This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Job Summary

The Sales & Operations Planning Division's (S&OP) 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.

The Asset Economist works with refineries, This Company 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, will produce a sound plan to help ensure the highest returns of This Company's downstream assets; and is also accountable to develop, monitor and execute the monthly short operating plan.

Responsibilities:

• Drive commercial optimization at the local LP runs at the individual refinery.
• Responsible for generating crude relative values and crude ranking.
• Provide both market and refinery operations outlook for yearly business plan.
• Provide monthly major constraints impact on asset for logistic unit performance and investment requirements needed.
• Review and challenge constraints to the individual LPs of each refinery (potentially run limited constraint model to create the baseline for ideal LP output).
• Coordinate with ATC to reflect This Company's market perspective on the individual Refinery LPs.
• Create sensitivities, trade-offs and scenarios for each of the individual LPs.
• Work with other asset economists within the same region to consolidate the LPs of refineries within the same region and explore optimization opportunities.
• Defend refinery interest during trade-off evaluations (after the central optimization team issues LP differentials) while keeping integrated optimization objective in mind.
• Coordinate with the refineries, ATC, and the central Optimization team (and potentially other stakeholders) to execute short-term (within the production month) optimization opportunities.
• Identify, assess and review strategic and commercial viability of potential identified investment opportunities to improve the overall viability of the system.

Requirements:

• B.S. degree in an Engineering discipline, an MBA is preferable.
• At least eight years of experience in refining business, to include technical and commercial aspects.
• Experience using LP models is preferred.
• Thorough knowledge of engineering practices, economic principles, and calculation methods.
• Expert in international business and cross-cultural professional practices.

Skills : Linear Programming,LP,refinery,refining,LP model

Benefits of working as a Asset Economist in Al Dhahran:

● Company offers great benefits
● Opportunities to grow
● Attractive package