Al-Nasser said, according to a statement issued by Aramco today, Tuesday, that the company’s financial and operating results in the first quarter of 2021 showed very strong and distinct levels.
Al-Nasser added that it was a reflection of the improvement in the operational environment. Represented by the positive trends taking place in many regions of the world towards a gradual return to economic recovery and the balance of oil markets that have been affected by the pandemic.
Al-Nasser pointed out that the results reflected the tireless commitment of the company’s employees and employees to achieve excellent levels of efficiency, innovation and reliability, indicating that Saudi Aramco has proven to be the preferred supplier to its customers.
He continued, “We continued to provide dividends to our shareholders, and during the first quarter we made further progress in our efforts to achieve our strategic goals. The Business Portfolio Improvement Program implemented by the company continues to identify opportunities for value creation, and this was evident in a pioneering infrastructure investment deal worth 46.5 billion riyals Saudi ($ 12.4 billion) is the oil pipeline deal that we announced early in the second quarter.
The President of Aramco emphasized that the (partner) program in the Kingdom holds promising prospects for unleashing new opportunities in the local market that will contribute to enhancing the company’s reliability and sustainability, and at the same time, it will have a positive impact on developing the capabilities of the private sector and the investment and economic environment in the Kingdom.
Al-Nasser added, “Given the positive indicators of energy demand levels for 2021, I am optimistic about what the future holds, and although there are still some challenges, but with the start of the global economic recovery, Saudi Aramco will be ready to meet the world’s growing energy needs.” .
Aramco’s profit jumped 30.34% in the first quarter of 2021 To 81.44 billion riyals after zakat and tax, compared to 62.48 billion riyals in the same quarter of last year.