Aramco strategy unruffled by oil fall

Aramco CEO and President Khalid Al-Falih

Aramco CEO and President Khalid Al-Falih

The “cyclicality” of oil markets won’t take Saudi Aramco’s long-term corporate strategy off track, said its CEO and President Khalid Al-Falih. He was speaking at the 9th Gulf Petrochemicals & Chemicals Association Forum on Monday.

Al-Falih also called for greater integration, innovation and collaboration across the region’s petrochemicals industry to unlock its potential and drive a “golden decade” of economic growth and job creation.

Al-Falih said that harnessing the region’s competitive advantages would help drive economic diversification into high-value manufacturing sectors and could create new, high-skilled jobs to sustain the region’s growth.


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