Aramco CEO Amin Nasser at CERAWeek in 2022
Letter from Saudi Arabia: Don’t mistake Saudi energy policy
The country is not betting against long-term oil demand growth, it is planning for a hydrocarbons-led energy demand boom
It is a truth universally acknowledged that an oil company in possession of a good fortune must be in want of an energy transition strategy. But within that is a lie that is in danger of becoming equally commonplace: that this very strategy means replacing hydrocarbons with renewables. Saudi Arabia, and its NOC Aramco, stands ready to write a new energy narrative. Aramco CEO Amin Nasser defended the oil industry with pride in Houston earlier in March and countered the prejudices from policymakers over the energy transition. He said at the CERAWeek conference that the current transition strategy overlooks affordability and reliability in supply, paints the industry as the “archenemy” and loo
Also in this section
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
29 May 2025
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
28 May 2025
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
