Riyadh – Mubasher: Saudi Arabia is producing the lowest emission rates globally after Denmark, state-run Saudi Aramco’s CEO Amin Nasser said on Wednesday on the sidelines of the Future Investment Initiative’s (FII) second day.
This result came due to using the state-of-the-art drilling equipment and non-stop maintenance work, Nasser added.
On Tuesday, the largest global oil firm’s CEO noted that his company has been committed to carrying out local and global initial public offerings (IPOs) during the coming period as Crown Prince Mohammed bin Salman reported previously.
In the first day of the investment event dubbed “Davos in the Desert”, Aramco signed 15 memorandums of understanding (MoUs) with a total value of $34 billion, along with inking a deal with French oil major, Total to build a joint venture (JV) of manufacturing industries complex.
Organised by Saudi Arabia’s sovereign wealth fund, the FII conference started in Riyadh on Tuesday and would end on Thursday, 25 October.
