ECONOMY


Saudi Aramco chief says oil demand will rise sharply

Baku, February 26, AZERTAC

“Global oil demand will rise sharply,” said Chief Executive Officer of Saudi Aramco Amin Al Nasser as he addressed the International Petroleum (IP) Week hosted by the Energy Institute in London.

Amin Al Nasser noted that the major part of the demand growth is expected to be in the transport sector. “Comments that the end of the oil industry is coming are not supported by any reality on the ground or logic. This is a reflection of the pressure on the market. I think forecasts for the oil demand are exaggerated again,” he added.

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