Saudi Aramco set to prioritize China's energy security: CEO

21/03/2021 Argaam

Aramco's President and CEO Amin Nasser

Saudi Aramco will ensure China's energy security remains its highest priority for the next 50 years and beyond, Reuters reported, citing President and CEO Amin Nasser.

 

"We appreciate that sustainable energy solutions are crucial to a faster and smoother global energy transition. But, realistically, this will take some time since there are few alternatives to oil in many areas," Nasser said in his video speech at the China Development Forum today, March 21, 2021.

 

 The oil giant expects opportunities for further investment in projects to help to meet China's needs for heavy transport and chemicals, as well as lubricants and non-metallic materials.

 

In addition, Nasser said that Saudi Aramco is working with Chinese universities and companies in cleaner engine fuel systems and technologies to lower greenhouse gas emissions from existing energy sources.

 

The CEO noted that additional collaboration is likely on blue hydrogen and carbon-capture technologies, among others.

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