Riyadh – Sharikat Mubasher: In a recent interview with Bloomberg, Amin Nasser, Aramco CEO, outlined the company’s dual-track strategy to maintain its global energy leadership while accelerating investments in technology, AI, and cleaner fuels.
Nasser asserted that AI has been a game changer for most businesses, not only for Saudi Aramco. He revealed that Aramco is hugely benefiting from AI and has the capability to embed it into its business, thanks to its well-trained talents who are aware of how to capture the opportunity through multiple use cases of AI, delivering significant results for the company. This helped deliver $4 billion in operational value in 2024, up from $2 billion the year before.
On the energy front, Aramco plans to increase gas production by 60% by 2030, supporting everything from domestic industry to blue hydrogen and ammonia production. “You can’t prioritize one aspect and ignore the others,” Nasser said, referring to energy security, affordability, and sustainability.
Internationally, Aramco has signed 34 preliminary agreements in the U.S. worth up to $90 billion, partnering with companies like Nvidia, AWS, and ExxonMobil. The deals reflect Aramco’s push to position itself as a major energy-tech player.
While supporting the global energy transition, Nasser warned against over-reliance on unproven technologies and unrealistic timelines. “We’re investing in renewables and carbon capture—but we’re also realistic about the world’s energy needs,” he said.
The company’s strategy is tightly aligned with Saudi Vision 2030, with Nasser affirming Aramco’s role as a driver of economic diversification, innovation, and sustainability.
