Saudi Gazette report

RIYADH — Aramco President and CEO Amin Nasser unveiled a bold investment plan to strengthen the company’s digital arm, announcing an injection of $2 billion into Aramco Digital over the next two to three years.

Speaking at a session during the Future Investment Initiative (FII9) in Riyadh on Tuesday, Nasser said Aramco’s investments in technology have reached a cumulative value of $6 billion in just two years.

He added that Aramco is also expanding its gas business by 60% over the next five years, alongside its continued growth in renewable energy and oil-to-chemicals initiatives.

“We continue our exploration program despite our massive reserves because we are identifying new opportunities, especially in gas,” Nasser said.

The Aramco chief stressed the importance of strategic partnerships, citing collaboration with Humane, a Public Investment Fund–owned tech company.

He explained that deploying artificial intelligence and digital solutions in drilling and operations has doubled productivity in some cases.

On global energy markets, Nasser noted that crude oil demand remained strong even before the sanctions on Russia’s Rosneft and Lukoil, signaling resilient fundamentals despite geopolitical challenges.