Money and business
Aramco: The world still needs more energy
The President for Refining, Chemicals and Marketing in Saudi Aramco, Mohammed Al -Qahtani, said today that technical innovation and the development of workforce skills contribute to achieving the transformation in the refining, chemicals, marketing, and energy security sector, and helps to reduce emissions. The chemicals and marketing in Aramco is witnessing a clear expansion and a clear transformation from the reaction to the transformation, and from adaptation to innovation. Al -Qahtani, developments in the company’s strategic expansion in the refining, chemical and marketing sector, which contributes to meeting the world’s increasing energy needs.
The world needs more energy added: "The world still needs more energy, and our global presence in the refining, chemical and marketing sector, with the support of external strategic investments, enhances our position as a reliable partner in the fields of refining and petrochemicals"
and continued: "As our business portfolio expanded in developing fields such as retail, fuel and trade, we are still confident of our ability to prosper in a world that is more aware of the carbon". "Tools such as artificial intelligence, cloud computing, the Internet of Things, digital twins, and blocs chain (blockchain), support us to work more efficiently, transparent and safe. "According to a research conducted by Standard & Poor’s, with the help of artificial intelligence, single assets have achieved costs by 10% to 25%, an increase in productivity by 3% to 8%, and improvements in energy efficiency by 5% to 8%". "Our greatest capital remains our human cadres. With the development of the sector, our workers are developing globally as well". "We invest in Saudi Aramco heavily in developing future leaders, and providing them with new skills and ways of thinking that enables them to lead in a more complex energy world. And I think we are together, we can contribute to building a reliable, flexible and sustainable future for this sector". - For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
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