RIYADH: A global reassessment of the energy transition is underway, with long-term investment in oil and gas expected to remain essential to meet rising global energy demand, Aramco’s chief said.
Speaking at the Energy Intelligence Forum in London, Amin Nasser emphasized that future energy policy must be grounded in supply realism and demand growth.
The company’s president and CEO said the company remains focused on expanding its oil, gas, and chemicals businesses while also advancing strategic investments in technology and digital infrastructure to sustain long-term growth in a shifting global market.
“Much of the promised progress has not been delivered, with many unintended consequences,” Nasser said.
“In reality, this is not a true energy transition; it’s an energy addition which requires all hands on deck.”
