Saudi oil major Aramco is putting its ambitious blue hydrogen plans on hold due to the high costs involved and the lack of off-takers, CEO Amin Nasser told analysts on Tuesday. Even though Aramco has already sent shipments of blue hydrogen (in the form of blue ammonia) to both Japan and South Korea, Nasser said […]
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Saudi Aramco’s first-quarter profits drop to $32 billion on lower crude prices
Saudi oil giant Aramco reported a first-quarter net profit of $31.88 billion, plummeting by 19% compared to the same period last year. Aramco said the drop was mainly driven by lower crude prices, although partially offset by lower taxes and Zakat and a rise in finance and other income. Commenting on the results, Aramco President and CEO […]
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Aramco’s massive production expansion to support China’s energy strategy, CEO Amin Nasser says
Saudi Aramco’s oil production capacity expansion by a million barrels per day to 13 million barrels by 2027 will strengthen China’s long-term energy security, company President and CEO Amin H Nasser told China Development Forum 2023. In addition, the oil major will increase its gas production by more than 50% by 2030, which should release an additional […]
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Aramco CEO calls Europe’s energy crisis plans a ‘short-term solution’
“Freezing or capping energy bills might help consumers in the short term, but it does not address the real causes and is not the long-term solution,” Nasser said
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Regulators, policy makers need to lead dialogue with energy industry for transition, Aramco CEO says
The energy industry needs to be part of the discussion and the solution, Amin Nasser says
The energy transition needs policy makers and regulators to come together with the energy industry in order for it to be successful, the CEO of Saudi Aramco said. “We need to have a better dialogue where we are part of the discussion and the solution. We’ve seen what happened in Glasgow… we were kept away […]