This may be educational for all
Freestone investors:
From the link in my post yesterday under the tab "Our Business" there be drop down sections such as "Tech and Innovations", "Shipping" and "Environment & Safety":
1. "Technology & Innovations"
Sophisticated oil exploration, production and utilization require oil companies worldwide to develop and employ the latest technologies. Saudi Aramco is a leader in utilizing and developing technologies that efficiently and effectively, yet safely, maximize the extraction and use of oil and gas. The company relies on its state-of-the-art electronic network and its extensive human network to keep it among the leaders in the oil and gas industries.
2. "Shipping"
Vela tanker
Saudi Aramco sails one of the world's largest fleets of crude carriers and operates terminals which service more than 10 tankers per day.
Vela International Marine Limited
Vela International Marine Limited, a wholly owned subsidiary, was established in 1984 with four ships. It has grown to include 21 very large crude carriers (VLCCs) and seven product vessels.
Vela, which transports crude oil to North America, Europe and Asia, has a history of commitment to accident-free voyages and quality maintenance. It has received ISO accreditation for its safe ship operations and environmental practices. In 2004, Vela completed compliance with the International Ship and Port Facility Security Code for its fleet of VLCCs.
Terminals
Saudi Aramco Terminals handle more than 9,000 tankers per year. These terminals are located at Ras Tanura and Ju'aymah on the Arabian Gulf coast and Jiddah, Rabigh, Jaizan, Yanbu' and Duba on the Red Sea coast.
All tanker movements within Saudi Aramco terminals are conducted under the direction of highly trained harbor pilots with the assistance of powerful tugboats to safeguard company facilities and the environment.
Since the beginning of Saudi Aramco Terminals at Ras Tanura in 1939, the company has committed itself to preventing oil spills. Saudi Aramco takes extensive measures to minimize the risk of spills its ships, marine terminals and visiting tankers. Terminal facilities are maintained to the highest standards, and stringent loading procedures are followed.
3. "Environment and Safety"
Waste Management
Saudi Aramco's Industrial Waste Management Plan ensures that wastes are properly handled to protect the environment. The plan, which has received international recognition, provides for the special industrial waste management needs of each of the company's operating plants.
The company utilizes several environmentally acceptable methods for treating industrial waste. Sanitary landfills are used for the disposal of municipal solid waste, while industrial wastes are segregated and handled according to their hazard risk following approved industry practices. Rotary autoclaves sterilize medical waste before disposal.
Saudi Aramco has constructed several industrial waste treatment plants, which include separators to treat oily water, landfarms to treat oily sludge, dedicated asbestos disposal areas, and on-site oxidation of pyrophoric waste. Saudi Aramco aggressively recycles through reclamation and recovery of reclaimed materials.
Saudi Aramco has a Waste Minimization Program that reduces waste generation and lowers associated costs. Measures include installation of flare-gas compressors to recover gases, use of flue-gas oxygen analyzers to optimize fuel consumption and to minimize emissions and off-site regeneration of valuable catalysts.
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