Al-Nasser: Initial signs of recovery in oil demand


Saudi Aramco President and Chief Executive Officer, Eng. Amin bin Hassan Al-Nasser, affirmed that there are initial signs of a recovery in energy demand during the third quarter regarding the improvement of economic activities, despite the challenges facing global energy markets. Shareholders by announcing dividends amounting to 70.32 billion riyals. He added that the integration process with the Saudi Basic Industries Corporation (SABIC) is proceeding according to the planned methodology. Our flexibility, supported by our unique scope of work, low carbon intensity in the exploration and production sector, and low production costs mean that we are in a privileged position to support energy needs and achieve a stable global recovery. . Al-Nasser emphasized that the company would continue to adopt a disciplined and flexible approach to allocating capital in the face of market fluctuations. “We are confident in Aramco’s ability to lead in difficult times and achieve its goals. He pointed to Saudi Aramco’s achievements at various levels, including the export of the world’s first shipment of blue ammonia, which will be used to produce carbon-free electric power in Japan, thus reinforcing the company’s focus on innovating new solutions.

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