he oil and gas industry is at a turning point which needs regulators to be policy holistic and technology agnostic, according to Saudi Aramco President and CEO, Amin Nasser, who was addressing attendees of the 24th edition of World Energy Congress on Sept 10.
Nasser said that throughout the history, the competitive edge of the industry can be summarized in four core attributes: resource abundance, safe production, reliable supply, and affordability, which now requires a fifth one. “But meeting society’s expectations of sustainable energy will require a fifth. Quite simply, our products need to be much cleaner,” he said.
The CEO also said that stakeholders should be reminded continuously that oil and gas is a global industry at the cutting-edge of science, technology, engineering, and logistics, supported by a complex, global supply chain.