Aramco lifts output at minimal cost, aims for 80% surge in sales gas capacity: Nasser

Nasser explained that Aramco worked to boost production at a minimal additional cost while maintaining reliable supplies of oil, gas, and related products, which supported its customers’ dependence, strong financial results, and quarterly profit growth.

In a company statement to Argaam commenting on Q3 2025’s financials, Nasser added that Aramco is also continuing to strengthen its capabilities in the exploration and production business, with several major oil and gas projects recently completed or set to come on stream soon.

He announced that expectations for sales gas have been raised, as the company now targets around 80% growth in sales gas production capacity between 2021 and 2030, leveraging its advanced capabilities. Part of this growth will come from the expansion of the Jafurah unconventional gas field, which has attracted significant interest from international investors.

Nasser noted that Aramco’s strategy remains focused on value-driven growth while meeting rising energy demand, enhancing integration across its operations, and leveraging technological advancements to explore new business opportunities. This approach, he added, is supported by the company’s use of advanced AI solutions and investment in digital infrastructure.

He also expected the planned acquisition of a significant minority stake in HUMAIN to further drive innovation and progress in the fast-evolving field of AI.

The company stated that it continued in Q3 2025 to expand its global presence in the refining, chemicals, and marketing segments through strategic international investments, strengthening its position as a reliable partner in refining and petrochemicals.

During the first nine months of 2025, Aramco’s refining, chemicals, and marketing segment utilized about 54% of its crude oil production. It also maintained its strong reliability record, achieving a 99.9% supply reliability rate.

According to data compiled by Argaam, Aramco’s profit fell to SAR 278.6 billion in 9M 2025, compared to SAR 307.1 billion in the same period last year. Besides, Q3 profit stood at SAR 97.3 billion.