Economics and Trading Specialist

Job description / Role

Duties and Responsibilities:
• Develop process for issuing market price structure; provide data and pricing forecasts for integration in Monthly , Half year, Operating and Business Plans programs.
• Establish, administer and update the Refinery economic indicators based on accurate and reliable international market data.
• Distribute economic data to appropriate for contracts negotiation and studies; initiate and/or participate in studies for potential and investments.
• Collect and consolidate economics data for the business Development and Optimization Department use on a daily basis.
• Provide economic data to relevant organization, such as the Performance Control Section and Finance Department.
• Act a point of contract for internal and external queries for publication of products prices and liaise with the Partners's
• Counterparts to study and articulate the economic feasibility of the Refinery projects and potential investments.
• Prepare and distribute economic / operational weekly reports for internal and external customers.
• Participate in elaboration for prices set used for monthly , half-year, and budget programs.
• Develop tools for market forecasting and predictive hedging mechanism.
• Compute and submit for verification the crude price adjustment according to actual product enclaves.
• Assist Planners in hedging operation.
• Perform other related duties as assigned the Supervisor Planning.

Requirements

Education Background:
• Bachelor's Degree in Engineering, Economics or equivalent.

Experience:
• Five (5) years of experience in Economics or related filed.

Duties and Responsibilities:
• Develop process for issuing market price structure; provide data and pricing forecasts for integration in Monthly , Half year, Operating and Business Plans programs.
• Establish, administer and update the Refinery economic indicators based on accurate and reliable international market data.
• Distribute economic data to appropriate for contracts negotiation and studies; initiate and/or participate in studies for potential and investments.
• Collect and consolidate economics data for the business Development and Optimization Department use on a daily basis.
• Provide economic data to relevant organization, such as the Performance Control Section and Finance Department.
• Act a point of contract for internal and external queries for publication of products prices and liaise with the Partners's
• Counterparts to study and articulate the economic feasibility of the Refinery projects and potential investments.
• Prepare and distribute economic / operational weekly reports for internal and external customers.
• Participate in elaboration for prices set used for monthly , half-year, and budget programs.
• Develop tools for market forecasting and predictive hedging mechanism.
• Compute and submit for verification the crude price adjustment according to actual product enclaves.
• Assist Planners in hedging operation.
• Perform other related duties as assigned the Supervisor Planning.

About the Company

SATORP, in its promising future, is one of the most complex refineries in the world, with a processing capacity of 400,000 barrels per day of Arabian Heavy Crude to produce petroleum products and petrochemicals with commitment to the highest international standards of health, safety and environment; and at the same time having continuous development and leadership in the region. This world-class refinery that came to being out of the expertise of the two oil giants, Saudi Aramco and Total, is located at Jubail Industrial City in the east of Saudi Arabia.