Economist / President of Saudi Aramco discusses oil and gas sector trends at the Serra Energy Week conference, the Saudi Press Agency


Dhahran, Rajab 18, 1442 AH, corresponding to March 02, 2021 AD, SPA
The President and CEO of Saudi Aramco, Eng. Amin Hassan Al-Nasser, discussed today the economic trends and trends of the oil and gas sector, in addition to the transformation in the energy sector, during his participation in a discussion session organized by default within the agenda of the Seera Energy Week conference, where the chief executive officer of Chevron Corporation Michael Wirth, managed by Vice President, i. H. S. Daniel Yergin Market.
On the impact of the Corona virus pandemic on Saudi Aramco, Engineer Al-Nasser said: “We faced the biggest crisis in a century, but our business sector got used to difficult circumstances thanks to our focus on flexibility that gave us the ability to adapt to ensure a rapid response.” Corona revealed harsh facts to the world, as there was a significant impact on small and medium-sized companies, and that impact extended to employment, which raises concern in the long term about the high unemployment rate.
The Aramco president expressed his optimistic view about the market conditions in the near term, saying: “Demand is witnessing a strong increase from China and East Asia, while it has reached pre-pandemic levels in India, and despite the impact on the West and the United States of America, the distribution of vaccines is now what Makes me optimistic. “
Engineer Al-Nasser addressed the issue of transformation in the energy sector, noting that environmental, social and governance issues were and still constitute a significant part of Saudi Aramco’s strategy.
The President of Aramco stated that Aramco established its main gas network in the 1970s, and by limiting gas flaring, the network alone contributes to the disposal of 100 million tons of carbon dioxide every year since its inception.
Al-Nasser, during his participation in the panel discussion, shed light on the great and potential uses of hydrogen.
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