Saudi Accreditation Center to Enhance Quality, Protect Consumers

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi Accreditation Center to Enhance Quality, Protect Consumers

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

Saudi Arabia is looking to raise quality standards through the Saudi Accreditation Center (SAC), which revealed its objectives, including consumer protection, maintaining public health and safety, upgrade the quality and adequacy of services and products, and increase confidence in them.

The Center’s regulation shall include the definition of approved conformity assessment bodies, which are accredited by the Center.

The conformity assessment entails verifying that the specific requirements of a product, process, system or assessment body have been met.

The Center enjoys legal personality, financial and administrative independence, and is organizationally linked to the Minister of Trade and Investment. Its headquarters are located in Riyadh and, as required, may establish branches or offices within Saudi Arabia.

The Center shall establish all that is necessary to achieve its goals in acquiring accreditation bodies inside and outside the Kingdom.

This shall be done in accordance with the requirements approved by the board and the mutual recognition of the accreditation certificates of the conformity assessment bodies issued by the accreditation bodies in other countries in accordance with international practices and requirements.

SAC shall join international and regional organizations and bodies related to its activities and sign memorandums of understanding and agreements with them, in accordance with the established procedures.

It will also provide training services and qualify the assessors in the field of conformity assessment, as well as prepare a database of the center's activities. It shall coordinate with the governmental bodies in within the field of its activities, in order to contribute to the provision of data for the conformity assessment bodies for their adoption.

It shall also include studies, research and statistics relating to its activities and their publication in accordance with the rules and procedures established by the Council. The Center will also organize seminars and conferences related to its activities and represent the country in international and regional organizations.

The regulations of SAC were published after the Saudi cabinet has approved granting the Saudi Accreditation Committee independence, rebranding it as the Saudi Accreditation Center.

According to the regulations, the center will have a board of directors headed by the Minister of Trade and Investment, with representatives from the Ministry, Organization for Standardization, Metrology and Quality Organization, Food and Drug Authority, Building Code National Committee, and Consumer Protection Association, as well as three representatives from the private sector.

The board will be appointed by the cabinet upon the proposal of the Council of Saudi Chambers. Their term of office shall be three years and may be renewed for one time.

Article 6 provides that the board shall hold at least four meetings per year and whenever necessary, according to the discretion of its President, or upon the request of at least one third of its members.



China's Iran Oil Imports Surge in June on Rising Shipments, Teapot Demand

FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS
FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS
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China's Iran Oil Imports Surge in June on Rising Shipments, Teapot Demand

FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS
FILE PHOTO: An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS

China's Iranian oil imports surged in June as shipments accelerated before the recent conflict in the region and demand from independent refineries improved, analysts said.

The world's top oil importer and biggest buyer of Iranian crude brought in more than 1.8 million barrels per day (bpd) from June 1-20, according to ship-tracker Vortexa, a record high based on the firm's data.

Kpler's data put the month-to-date average of China's Iranian oil and condensate imports at 1.46 million bpd as of June 27, up from one million bpd in May.

The rising imports are fueled in part by the accelerated discharge of high volumes of Iranian oil on the water after export loadings from Iran reached a multi-year high of 1.83 million bpd in May, Kpler data showed.

It typically takes at least one month for Iranian oil to reach Chinese ports, Reuters reported.

Robust loadings in May and early June mean China's Iran imports are poised to remain elevated, Kpler and Vortexa analysts said.

Independent Chinese "teapot" refineries, the main buyers of Iranian oil, also showed strong demand for the discount barrels as their stockpiles depleted, said Xu Muyu, Kpler's senior analyst.

A possible relaxing of US President Donald Trump's policy on Iranian oil sanctions could further bolster Chinese buying, she added.

Trump said on Wednesday that Washington has not given up its maximum pressure campaign on Iran - including restrictions on Iranian oil sales - but signaled a potential easing in enforcement to help the country rebuild.

For this week, Iranian Light crude oil was being traded at around $2 a barrel below ICE Brent for end-July to early-August deliveries, two traders familiar with the matter said, compared to discounts of $3.30-$3.50 a barrel previously for July deliveries.

Narrower discounts were spurred by worries that oil flows could be disrupted through the Strait of Hormuz, a critical waterway between Iran and Oman, traders said.

Market fears for a closure of the chokepoint had escalated after last weekend's US attack on Iranian nuclear sites but eased after Iran and Israel on Tuesday signaled a ceasefire.

Tighter discounts for Iranian oil come amid a retreat in futures prices. ICE Brent crude futures hovered at $68 per barrel on Friday, their level before the Israel-Iran conflict began and down 19% from Monday's five-month peak.