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Aramco CEO Urges ‘Realistic’ Transition, Sets Bigger Push Into Gas, Chemicals and AI

Nasser cites lagging alternatives alongside revised forecasts to justify sustained investment.

Overview

  • Speaking at the Energy Intelligence Forum 2025 in London, Amin Nasser said oil and gas will remain essential for decades and called for policies that secure affordability and reliability.
  • He argued that electric vehicles and renewables have not kept pace with demand growth, with major forecasters revising scenarios and some advanced economies adjusting transition policies.
  • Aramco plans to substantially increase gas production, including unconventional resources, while maintaining oil leadership and prioritising chemicals as a long-term growth pillar.
  • The company is deploying artificial intelligence at scale and supporting it with a SR26.25bn ($7bn) venture program alongside investments in infrastructure and talent.
  • Nasser cited data showing hydrocarbons still supply roughly 80% of global primary energy despite about $11 trillion spent on alternatives and said the company will cut early-stage carbon and methane emissions while building its new-energy presence.