Saudi Aramco building global gas business to cut carbon footprint

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia in this file photo. REUTERS/Ahmed JadallahSaudi Aramco, the world’s biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid to lessen its carbon footprint, Chief Executive Amin Nasser said on Tuesday.

“We need to help our stakeholders - including here in China and the wider Asia region - realise that oil and gas will remain vital to world energy for decades to come,” he said.“We need to reassure them with our own long-term investments that the safety belt we have always provided is one they can continue to rely on.”

The state-owned company is pushing ahead with its conventional and unconventional gas exploration and production program to feed its fast-growing industries, freeing up more crude oil to export or turn into chemicals.

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