Aramco CEO Amin Nasser has promoted CCS as part of a ‘viable energy future’ with continued oil production
Mideast Gulf edges forwards on carbon capture
State energy firms are pinning hopes on the technology to retain long-term competitiveness
State oil giant Saudi Aramco has launched the procurement process for the giant Jubail CCS facility it announced at Cop27 last year, with other Mideast Gulf producers also pinning their hopes on the evolving technologies to insulate themselves from the threats posed by decarbonisation pressures. Aramco CEO Amin Nasser described CCS as the “golden key” to a “viable energy future”—one in which hydrocarbons retain a central role—during the unveiling of the company’s joint development agreement with Germany’s Linde and oilfield services company SLB for the planned Jubail facility, called the Accelerated Carbon Capture and Sequestration (ACCS) project. Nasser has also spoken enthusiastically abou
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
