The Acting Senior Vice President of Exploration and Production at Aramco, Engineer Nasser Al-Naimi, stressed the importance of reducing carbon dioxide emissions by oil and gas companies, and that this matter constitutes the basis for achieving a real transformation in the energy sector.

Engineer Al-Naimi says, “The new energy system is an important axis, but it has time before it assumes a large part of the burden of the increasing global demand for energy, and this means that the current and new energy will continue to go hand in hand for a long time to come, accompanied by our attention to what is facing our world from challenges related to climate and carbon emissions. And if we take into account that current energy will continue to play its fundamental role along with alternatives that take time to grow, we must focus on reducing carbon emissions in the oil and gas sector, which is what Saudi Aramco and our business are doing “. He added that to ensure energy security and reliability for the world in the future, the critical factors for success are: innovative technologies, innovation, cooperation between oil and gas companies, new energy companies, energy equipment manufacturers, service providers, technology developers and all stakeholders including governments.

He stressed the importance of technology in particular, describing it as a “key element” in the development of the energy sector, and that this stems from our belief and confidence that technology is an integral part of our efforts to develop innovative solutions that bring us economic benefits that support the continuous supply of energy.

He also clarified that oil will continue to be an important element in the global energy mix, but he identified other areas that Saudi Aramco pays attention to that will contribute to accelerating the pace of achieving its goal of reducing carbon emissions in the company’s energy business system

These areas are: “Increasing the refining and marketing business, to reach 8 to 10 million barrels per day, a significant increase in the production of chemicals that will be incorporated into the company’s refineries, and benefit from the company’s research efforts on converting crude oil into petrochemical products, as well as focusing on non-metallic materials due to the presence of significant opportunities in the huge end-use sectors. The company plans to develop the clean gas sector at the local and international levels, and that there is huge potential in the fields of hydrogen and blue ammonia from oil and gas, in addition to carbon extraction, exploitation and storage