Saudi Aramco GI 20.500 EXPENDITURE REQUESTS

This document is Saudi Aramco's General Instruction (GI) 20.500, detailing the procedures and requirements for Expenditure Requests (ERs). It outlines the comprehensive process for authorizing expenditures for Budget Items (BIs) and Master Appropriations, covering key aspects such as purpose, accountability, funding actions, types of ERs, scope, authorization, responsibilities for preparation, cost estimates, and review procedures.

The GI defines crucial terms like Business Plan (BP), Capital Program (CP), Budget Item (BI), and Expenditure Request (ER), providing clarity on the financial approval process for projects. It details various types of ERs, including fixed-scope ERs, annual appropriations, and master appropriations, along with procedures for amendments, supplements, redefinitions, and partial cancellations.

Furthermore, it addresses the handling of plant transfers and retirements and lists related instructions and Saudi Aramco manuals essential for compliance. Understanding these guidelines is critical for ensuring accurate financial planning, robust project execution, and adherence to Saudi Aramco's internal controls and approval authorities.

Ideal for Financial Analysts, Project Managers, and Budget Officers working in the oil and gas industry or large-scale industrial organizations.