Saudi Aramco, the world's biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid ...
DUBAI: Saudi Aramco, the world's biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid to lessen its carbon footprint, Chief Executive Amin Nasser said on Tuesday.
"We need to reassure them with our own long-term investments that the safety belt we have always provided is one they can continue to rely on." The state-owned company is pushing ahead with its conventional and unconventional gas exploration and production program to feed its fast-growing industries, freeing up more crude oil to export or turn into chemicals.Nasser said that the carbon footprint of Saudi oil is among the lowest in the world, and has the lowest greenhouse gas intensity of any supplier of crude oil to China.
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