Saudi Aramco joins World Bank’s initiative to reduce flaring

State oil giant Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’, it said in a statement.

“We have been taking active steps to reduce flaring in our operations for the past 40 years and have invested in a range of flaring reduction technologies and programs to achieve our excellent performance,” Ahmad A. Al-Saadi, Saudi Aramco Senior Vice-President, Technical Services said.

“Beyond this initiative, we are also investing in advanced technologies to enable greater efficiency and lower emissions in transport, carbon-free hydrogen fuels, and carbon capture, utilization and storage (CCUS),” Al-Saadi added.

“This is all part of our broader effort to enable the circular carbon economy and deliver clean, reliable and affordable energy to the world while minimizing greenhouse gas emissions,” he continued.

As a result of Saudi Aramco’s reservoir management best practices, flaring minimization and energy efficiency programs, the company’s 2018 upstream carbon intensity figure is among the lowest globally at 10.2 kilograms of CO2 equivalent per barrel of oil equivalent.