Saudi Aramco continues its role in securing world's energy needs: Al-Rumayyan

Saudi Aramco Chairman Yasir Al-Rumayyan

The Chairman of Saudi Aramco, Yasir Al-Rumayyan, said that the company is fully aware about the magnitude of the challenges, and that it continues its pioneering and indispensable role in securing the world's energy needs.

Speaking on the sidelines of the International Petroleum Technology Conference 2022, he highlighted that the company is implementing several high-impact initiatives to reduce the environmental impact on the planet, according to Saudi Press Agency.

This prompted the company to adhere to strict approaches in its business segments and to launch multiple initiatives in the areas of the carbon's circular economy, and the technologies of the Fourth Industrial Revolution to help address the challenge of global emissions that achieves sustainable global economic growth and benefits societies, Al-Rumayyan said.

Saudi Aramco continues to innovate and explore effective carbon management solutions to reduce the environmental impact of its business and lower the intensity of carbon emissions resulting from its exploration and production works until it becomes among those with the lowest greenhouse gas emissions, he added.

Al-Rumayyan also stated that Saudi Aramco enjoys high flexibility, with a rate of maximum sustainable production capacity among the highest in the energy sector, and with a reliability rate of more than 99%, which represents an essential shield against market volatility, not only for the Kingdom, but for the global economy.

Moreover, the oil giant continues to chart a more sustainable future by developing technologies that seek to achieve results that would enable it to change the current landscape in terms of reducing emissions resulting from production and usage of hydrocarbon energy sources, especially if they are applied on a global scale.

He also pointed out that Saudi Aramco is focusing its efforts on empowering communities and individuals, ensuring business sustainability and developing a business ecosystem by launching and supporting leading initiatives in the energy sector, such as IKTVA and Aramco Namaat, which form an integral part of its long-term vision to develop a globally competitive energy sector.