How will the boss of the world’s largest oil company, Khalid A. Al-Falih, meeting the growing energy needs.
Article has been added to your reading list.
The world’s need for energy is increasing rapidly, underlined CEO Khalid A. Al-Falih, Saudi Aramco, when he Monday spoke on oil and energy conference in Stavanger.
He demonstrated that the industry is struggling to keep up the pace, partly because of the increasing costs.
- 48.000 billion needs to be invested until 2035 the energy demand will be covered, refer to the International Energy Agency (IEA) firmly.
- At the same time require major revisions in the entire energy sector to achieve the goal of reducing greenhouse gas emissions.
Al-Falih pointed then the threat of climate change, which has been given a central place at this year’s ONS conference.
– We believe technology is the key. Therefore we triples the number of people working in research and development. And we quintupled our costs for research and development. This will increase our already large oil reserves with 100 billion barrels, he said.
– We will invest 40 billion dollars every year for the next ten years. We do this to keep up our capacity of 12 million barrels of oil per day. It will also make it possible to double our production of natural gas, told Al-Falih.
Fear not
The audience got Saudi Aramco-ssjefen Asked if he fears unconventional oil from the United States.
– No, by no means. Unconventional oil has been good for both consumers and producers. Without unconventional oil would oil market was very tight given all the loss of another oil production, he said.
– What makes Saudi Arabia when everyone runs Tesla, sounded another question.
– When we drive Tesla we also black Al-Falih.
Are optimist
The cost in Saudi Aramco has roughly doubled over the last ten years.
– industry experiencing bottlenecks associated with drilling capacity, shipyards and engineering expertise. We see that the projects are deferred and lower investment growth, says CEO.
Al-Falih still look forward to the future, he assured on Monday.
– For the oil industry is the best time ahead us, he said.
You can follow any DN cases ONS ONS
No comments:
Post a Comment