Week 7 in Review: CEO at the Saudi Capital Market Forum, an F1 unveiling, and Powered by How podcasts
Amin Nasser speaks about financial markets’ key role in supporting the energy transition and the need for them to invest in oil and gas to maintain energy security.
A call for balanced energy investment, the launch of Powered by How podcasts, and gearing up for the upcoming Formula One TM season all were key topics over the past week on Aramco LIFE.
Here’s a brief summary of some of the week’s big headlines.
Speaking at the Saudi Capital Market Forum in Riyadh, Aramco president and CEO Amin Nasser applauded the Kingdom’s remarkable economic growth while also cautioning that the lack of investment globally in oil and gas could negatively affect energy security.
“This (Saudi Arabia) is now one of the fastest growing capital markets in the world, benefiting from an economy that is the fastest growing among the G20. And the Saudi Stock Exchange now ranks among the top globally by market cap, with Aramco’s listing being one contributing factor,” Nasser said.
From my perspective, for a less risky global energy transition, everyone — including capital markets around the world — must take a more realistic and balanced view of how the global energy transition will unfold.
— Amin Nasser
Mohammed Y. Al Qahtani, Aramco’s executive vice president of Downstream, discussed the struggle of finding the correct balance between energy security, affordability, and environmental sustainability and the chronic underinvestment in the industry in his speech at the GDA International Downstream Conference in Bahrain this week.
“To ensure proper balance, at Aramco, we believe one single solution or path forward will not work,” Al Qahtani said. “In truth, realistic transition plans need to be developed that address the energy trilemma, and give the world a realistic chance of meeting climate protection goals.”
Al Qahtani also addressed the company’s Downstream Transformational Strategy that involves an ambitious growth plan in crude to chemicals, cleaner conventional engines, carbon capture and storage, and more.
The first two in a series of eight Aramco podcasts in partnership with Reuters were published, focusing on how we are using technology went live today (Feb. 14).
The series will feature several of Aramco’s technology and innovation leaders, including senior vice president and chief technology officer, Ahmad O. Al-Khowaiter, and executive vice president of Technical Services, Ahmad A. Al Sa'adi.
It is moderated by prominent conference host and former BBC World News anchor Nisha Pillai.
The Powered by How podcast series will help solidify Aramco’s position as a thought leader in the global energy transition discussion.
— Ahmad O. Al-Khowaiter
Read more on how to access the podcasts by reading the full story here.
Aston Martin Aramco Congnizant unveiled its new set of wheels for the upcoming year, which begins in March with the race in Bahrain.
Speaking of the Gulf Air Bahrain Grand Prix, Aramco employees registered with Aramco LIFE2 have an opportunity to win two free tickets to the races scheduled March 3-5.
Starting Sunday, one question will be posted every day throughout the week on specific Formula One topics. The campaign ends the following Saturday (March 25), with those with the most correct answers collecting the prizes. (A drawing will be used to sort out ties.)