Gas is becoming increasingly important to the world’s largest oil exporter as it positions itself to become a supplier of blue hydrogen
The Saudi Arabian Oil Company plans to create two new divisions. Picture: MAYA SIDDIQI/BLOOMBERG— Saudi Arabia’s state-run energy firm is splitting its gas production division in two, as the fuel becomes increasingly important for expanding its chemicals business and amid efforts to position itself for the energy transition.
The kingdom is trying to position itself for the energy transition by becoming a supplier of blue hydrogen, which is made from gas. The carbon emitted during the process would then be captured. The company’s gas division consists of 11 processing centres with a total capacity of 16-billion standard cubic feet a day of raw gas. Output had previously been managed through one division under vice-president Abdullah Al-Ghamdi, who retired, according to Aramco’s weekly magazine.
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