The world's biggest energy company is attempting to make traditional engines more efficient.
The world's largest energy company says the electrification of vehicles isn't anywhere near ready to overtake the traditional engine in the transport sector.
Meanwhile, the state-owned oil giant Saudi Aramco produces roughly 10 million barrels of crude a day, suggesting that any fall in demand could be highly damaging to the business. "The consensus from forecasters is that the internal combustion engine will be with us for decades to come," he said, before adding"We are still expecting 90 percent of vehicles to be driven by ICE by the mid-century."
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