Saudi Aramco 'well-positioned' amid coronavirus woes, says CEO

Saudi Arabian Oil Co. (Saudi Aramco) will maintain operating resilience and robust financial position, despite woes over the outbreak of the coronavirus, Aramco President and CEO Amin Nasser said on the sidelines of the company's conference on FY19 financial performance.

He added that the world was offered, on several occasions, unprecedented insight into Aramco’s agility and resilience.

“Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world’s most reliable energy companies,” he stressed.

Saudi Aramco continues to maintain a position of strong safety with respect to occupational and process safety performance. This was achieved by continuing to emphasize operational discipline, visible commitment to safety, and innovative safety technologies, Nasser confirmed.

Nasser also indicated that finalizing the acquisition deal of Saudi Basic Industries Corporation (SABIC) will render the company as one of the world's largest petrochemicals firms.