AMIN H. NASSER

PRESIDENT AND CEO, SAUDI ARAMCO

demand fully recovers.

Nasser has also said Saudi Aramco is aiming for 3 million barrels per day of additional oil export capacity by the end of this decade, led by incremental oil and gas projects in the country and by replacing liquid fuels. Chief executive Amin Nasser said he is aiming to free up additional oil barrels for exports in the coming years.

Nasser noted that 1 million bpd of additional crude capacity would come from Aramco’s ongoing capacity enhancement programme by 2027, and another 1 million bpd would follow from “availing additional gas in the utilities sector”, which is presently being used as liquids.