Middle-east Arab News Opinion | Asharq Al-awsat

Saudi Aramco Releases Annual Report 2016 | ASHARQ AL-AWSAT English Archive 2005 -2017
Select Page
Media ID: 55378167

FILE PHOTO: Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/Ali Jarekji/File Photo

Saudi Arabia’s national oil giant Aramco on Thursday released its annual report for 2016, highlighting the outstanding achievements of this year in the implementation of its long-term integrated strategy as the largest energy company in the world.

On the occasion, the President and Chief Executive Officer of Saudi Aramco, Engineer Amin Hassan Nasser delivered a speech on the occasion.

“We achieved remarkable results in 2016, despite the fact that this year was a difficult year in the oil industry due to low oil prices and weak growth in the global market,” he said.

“The company’s operational efficiency and financial discipline helped it achieve these impressive results, enabling the company to carry out an important stage in implementing its long-term strategy,” he added.

Further explaining on the strategy Nasser said that it “aims to maintain the company’s position among the world’s leading integrated energy and chemical companies, promote business efficiency and project management as well as to provide value and produce technology in addition to the development of human resources.”