Saudi Aramco likely to record capex of SAR 150-188 bln this year: Nasser

Saudi Aramco’s President & CEO Amin Nasser

Saudi Aramco’s capital expenditure (capex) will likely reach SAR 150-188 billion this year, CNBC Arabia TV reported, citing Amin Nasser, President and CEO.

He added that Aramco paid nearly SAR 67 billion in dues related to the acquisition of the Public Investment Fund's (PIF) share in SABIC ahead of schedule.

The oil giant aims to reduce carbon emissions at least 15% by 2035 compared to 2018, the top executive said.