Aramco downstream expansion key to diversification: Exec

Mohammed Al Qahtani, Downstream President of Saudi Aramco

Saudi Arabian Oil Co.’s (Saudi Aramco) expansion in refining, chemicals and marketing (downstream sector) is vital to diversify its portfolio, extract greater value and boost long-term resilience, said Mohammed Al Qahtani, Downstream President.

Speaking at the 2025 International Refinery & Petrochemical Technology Conference & Exhibition, organized by the Gulf Downstream Association (GDA), he said global energy demand remains strong, and Aramco’s overseas investments strengthen its role as a reliable refining and petrochemicals partner.

Given its growth in retail, fuels and trading, the Saudi oil giant remains confident in its ability to prosper in a more carbon-conscious world.

Al Qahtani emphasized the need for technological innovation and workforce development to transform the local downstream sector, while supporting energy security and cutting emissions.