Amin H. Nasser
,President and CEO,Saudi Aramco
In its annual listing of the key personnel in the region’s oil and gas industry last year, this publication referred to Aramco’s “clout and sway” over the world’s hydrocarbon industry. You can’t argue with that. The firm is the world’s biggest oil producer.
But Aramco’s global driving force, Amin Nasser, is a true company man, who joined the firm in 1982 and previously headed up its upstream division.
Nasser has also taken a prominent role in supporting Aramco’s ambitious localisation policies and is keen to see the firm adopt “game-changing” technologies to increase efficiency and reduce costs.
The CEO’s company background might explain the firm’s eye-watering decision to invest up to $300bn largely on upstream projects. Increasing exploration and offsetting gradual declines in legacy fields are two means by which Nasser believes future demand will be met.
Many of Aramco’s column inches recently have focused on the saga of its ‘will they, won’t they’ initial public offering and the firm’s role in the production cuts undertaken by a group of 24 nations to support oil prices and reduce inventories in the face of rising US output.
There was, then, perhaps a certain irony when Nasser penned deals worth $50bn with numerous US counterparts last May during US President Donald Trump’s state visit to Riyadh.
