Saudi Aramco GI 20.031 CAPITAL PROGRAM AND BUDGET
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This document is Saudi Aramco's General Instruction (GI) 20.031, detailing the framework for its Capital Program and Budget. It outlines the fundamental objectives, scope, and procedures for developing, processing, approving, and distributing capital investments.
The content covers key aspects such as the definition of Major Capital Projects and Miscellaneous Projects, the structure of Appropriation Requests (ARs), Budget Items (BIs), and Expenditure Requests (ERs), and the roles and responsibilities of various departments including Financial Accounting, Facilities Planning, and Project Management. Furthermore, it elaborates on the review, approval, and publication processes, budget revisions, and crucial accountability and Management Information System (MIS) reporting requirements, including specific reports like AR 190-2, AR 190-3, and AR 197.
Readers will gain a comprehensive understanding of how Saudi Aramco manages its significant capital expenditures, from initial concept to financial closeout, ensuring alignment with strategic objectives and corporate governance. This detailed guidance is essential for effective financial planning and project execution within the organization's vast operational landscape.
Ideal for financial analysts, project managers, and capital planning specialists working in the oil and gas sector.