Aramco CEO Calls for Energy Transition Reset in Developing World

Saudi Aramco’s chief executive Amin Nasser has called for what he dubbed a reset in the transition plans for developing countries, citing strong projected growth in oil demand for the Global South. Developing economies are growing and living standards are rising, Nasser said today at the Singapore International Energy Week, as cited by Reuters. This growth is driving higher oil demand, he added, noting this demand growth would extend over a long time. Even when growth slows down and eventually stops, Nasser added, demand for oil will remain…