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.