ASMO adds 120 new procurement deals for Aramco

ASMO, the joint venture between Saudi Arabian Oil Co. (Saudi Aramco) and DHL Co., announced the expansion of its procurement services for oil giant through the management of an additional 120 purchasing agreements for general materials supply.

The move follows the completion of ASMO’s pilot procurement phase in July, marking a tenfold increase in the number of suppliers and the addition of thousands of new material categories to its supply operations.

In a statement today, ASMO said the upcoming procurement phases will extend through 2027, covering additional categories such as maintenance, repair and operations (MRO) materials, drilling supplies, chemicals, and project materials.

The expansion will be supported by a broader and more integrated supplier base.

The step forms part of ASMO’s gradual nationwide rollout under its 15-year strategic agreement with Aramco, aimed at advancing Vision 2030 objectives to localize supply chains. The company began storage operations in Riyadh and Jazan earlier this year.

ASMO plans to operate six logistics and storage facilities spanning 8 million square meters and oversee procurement volumes exceeding $8 billion by 2030.