Dhahran - Chairman of the Board of Directors of Saudi Aramco, Yasser bin Othman Al-Rumayyan, affirmed that "Saudi Aramco is aware of the magnitude of the challenges, and it continues in its pioneering and indispensable role in securing the world's energy needs, at the same time it is implementing a group of great impact initiatives to reduce The environmental impact on our planet This has prompted a rigorous approach across the company and multiple initiatives in the areas of Circular Carbon Economy and Fourth Industrial Revolution technologies to help tackle the global emissions challenge, achieving sustainable global economic growth and benefiting the entire world. societies".

In a statement on the sidelines of the 2022 International Petroleum Technology Conference, he said: "Sustainability's position in the hierarchy of Saudi Aramco's priorities represents a strong incentive for the company to secure a flexible and more sustainable future that depends on smarter energy, innovation and development of technologies to develop effective and successful solutions to address energy challenges. and climate globally.

Al-Rumayyan explained that the International Petroleum Technology Conference, sponsored by His Highness the Crown Prince, and hosted by Saudi Aramco, is the best proof of its leadership. Regional and global, international institutions, government agencies, and stakeholders, to strive together to find more sustainable energy solutions through positive leadership and sharing of experiences.

And he indicated that we have a platform with strong foundations through which we can contribute to the energy sector globally, which motivated us to adopt the technologies of the Fourth Industrial Revolution, such as artificial intelligence and big data, and future technology that supports the largest smart oil fields in the world and helps raise the level of efficiency, And try to reduce emissions from the company's business.

The Chairman of the Board of Directors of Saudi Aramco indicated that Saudi Aramco was able to continue to innovate and explore effective solutions for carbon management to reduce the environmental impact of its business and reduce the intensity of carbon emissions resulting from the work of the exploration and production sector in the company until it became among the lowest levels of carbon emissions intensity resulting from the work of the exploration and production sector at the level The energy sector has also proven its financial flexibility and operational reliability, to record its business, and in the meantime, it is taking the necessary measures to maintain the health and safety of its employees.

He stated that the company enjoys high flexibility, as the rate of maximum sustainable production capacity in Saudi Aramco is among the highest in the energy sector, with a reliability rate of more than 99%, and represents a basic shield against market fluctuations, not only for the Kingdom, but for the global economy.

He stressed Saudi Aramco's work to chart a more sustainable future by developing technologies that seek to achieve results that would enable it to change the current landscape in terms of reducing emissions from the production and use of hydrocarbon energy sources, especially if they are applied on a global scale, pointing out that Saudi Aramco is focusing its efforts Empowering communities and individuals, ensuring business sustainability and developing a business ecosystem by launching and supporting pioneering energy sector initiatives such as IKTVA and Aramco Namaat, all of which form an integral part of its long-term vision to develop a globally competitive energy sector.

The Chairman of Saudi Aramco concluded his speech by saying, “We are proud that Saudi Aramco is one of the leading companies in the energy and chemicals field in the world, with nearly eight decades of experience, and adopts the highest standards of governance, as well as the growing network of Saudi Aramco partners from around the world. Principles of sound governance that constitute a fundamental pillar of sustainable growth.