Aramco calls for oil and gas companies to cut CO2

Aramco calls for oil and gas companies to cut CO2

RIYADH: Aramco Upstream chief Nasir Al-Naimi said oil and gas companies should reduce their CO2 footprint as they continue to provide a majority of the world's energy for years to come. "While new energy has a role to play, it will be a while before it is ready to shoulder a significant burden of the growing world energy demand," Al-Naimi said in a statement to coincide with the International Petroleum Technology Conference (IPTC) in Kuala Lumpur. "But that does not mean we can ignore the climate issues our world is facing." He pointed to three key requirements for maintaining secure and reliable energy supplies in future, including ground-breaking technologies, innovation, and collaboration among oil and gas companies, new energy companies, energy equipment manufacturers, service providers, technology developers and all other stakeholders, including governments. Part of Aramco's plan to reduce its carbon footprint includes increasing the size of its refining and marketing business, more chemicals, non-metallic materials, cleaner gas blue hydrogen and blue ammonia from oil and gas, said Al-Naimi. DUBAI: Saudi retail conglomerate Fawaz Abdulaziz Alhokair Co. (Alhokair) is moving forward with an ambitious expansion plan, aiming to open around 57 food and beverage outlets in the next 12 to