President & CEO Amin Nasser: Attacks will not delay the IPO of the company on schedule

During his visit to places of terrorist attacks on Aramco facilities, Saudi Aramco president & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that responded timely to the incidents and brought the situation under control”.


“These simultaneous attacks have been timed to the greatest harm to our facilities,” said Nasser. “The rapid response and the company’s ability to withstand these terrorist attacks and to address threats to disrupt Saudi Aramco’s energy supply to the world have been demonstrated.”


Al-Nasser explained that the acts of sabotage that took place will not stop the company’s progress towards the IPO. Aramco, the world’s largest oil producer, was preparing for an IPO of 5% stake by 2020-2021. The sale of a stake in Aramco was at the heart of Vision 2030, backed by Crown Prince Mohammed bin Salman, within a plan to diversify the Saudi economy away from oil.


He commended the work done by emergency response teams, including firefighters, operating teams, industrial security and support departments, in cooperation with government agencies. “The courage, dedication and efficiency of our staff in the response operations are a source of pride,” he said.

He pointed out that many of the retired employees of the company, both Saudis and non-Saudis in an extraordinary touch of loyalty, have communicated with the company, and expressed their desire to join the support teams on a voluntary basis to express their continued love and belonging to the company.


“We have a well-earned reputation that we have nearly 100% reliability in meeting the demands of our global customers. We have defended this reputation,” said Aramco’s President. He pointed out that the company has adjusted deliveries and shipments to customers through the withdrawal of stocks, and provide alternative options for the production of crude oil, which has been temporarily stopped.

“There has been no delay or cancellation of delivery of any shipment to global customers because of these attacks, and it will not happen, God willing. We have demonstrated our capability and operational flexibility, and have confirmed the company’s reputation as the world’s largest oil supplier,” said Al-Nasser.

He added that the company has always been able to meet the needs of its global customers even under difficult circumstances, including conflicts in the Gulf region in the past.