JEDDAH: According to analysts who spoke to Arab News, Saudi Aramco’s investment strategy demonstrates a practical and forward-thinking attitude as the global energy environment changes.
The largest and most valuable energy firm in the world is still committed to its long-term expansion, as seen by its reported $106.2 billion net income in 2024. Its large-scale natural gas projects, such as the Tanajib gas plant and the Jafurah unconventional gas field, are essential to Saudi Arabia’s long-term energy security.
Saudi Aramco is stepping up its efforts to generate natural gas because it is a greener substitute for crude oil. These initiatives complement the larger national plan to lower emissions and increase economic stability.
The Future Investment Initiative Institute’s chief financial officer, Tamer Al-Sayed, told Arab News that Aramco’s worldwide liquefied natural gas endeavours, including its ownership in MidOcean Energy, are part of its diversification. He clarified that natural gas is a dependable bridging fuel with lower carbon intensity than petroleum.
Additionally, Aramco is using AI to cut emissions and increase operational efficiency, strengthening its position as a leader in a world that is becoming more and more dependent on renewable energy.
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