Saudi Aramco GI 241.021 MATERIAL BALANCING OF HYDROCARBON LIQUIDS
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This General Instruction (GI) 241.021, issued by Saudi Aramco, provides comprehensive guidelines for the material balancing of hydrocarbon liquids. It details the procedures and responsibilities for accounting for all hydrocarbon liquid movements, including inputs, outputs, and inventory changes across various departments.
The document establishes acceptable gain/loss variances for hydrocarbon products and outlines the reporting requirements when these limits are exceeded. It covers key areas such as definitions of terms, responsibilities of Refining, Distribution, SSSP, and Terminal departments, as well as joint reporting and OAD responsibilities.
The GI also specifies measurement standards, accounting cutoffs, and documentation retention periods. It includes detailed appendices on variance limits, sample reports for refineries (RMB-1, RMB-2), distribution departments (DOS-1, DOS-2, DOS-3), SSSP reconciliation, and terminal material balance, along with a variance notification letter.
Understanding and implementing these procedures are crucial for accurate inventory management and financial reconciliation within Saudi Aramco's operations. Ideal for operations accountants, inventory analysts, refinery engineers, and HSE compliance officers working within the oil and gas sector.