VIDEO: Aramco chairman highlights crucial role of policy-industry alignment

FII Priority Europe  

H.E. Yasir Al-Rumayyan 

Chairman of Aramco’s Board of Directors

The EU sustainability regulation has 1000 metrics of sustainability that really jeopardizes not only attracting new investments to come to the EU but for some of the investments that are already in existence, to be out of Europe.

I think the policies and the ideologies should really support the growth of business and investments, not the other way around.

You need to secure the energy, make it affordable and, at the same time, it should be sustainable.

We have done a lot in Saudi Arabia through the Ministry of Energy, through Aramco, and the PIF to have this balance. 

We need to get the oil and gas companies to be more efficient.

We are emitting the lowest among all the independent oil and gas companies, all the big ones. 

Also, methane, which is a big thing, our ratio is 0.04%.

We are just implementing safety standards and sustainable standards, and we can make the world a lot better.

We are investing in blue hydrogen in Aramco and also in green hydrogen through PIF.