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Saudi Aramco CEO sees oil and gas continuing to play major role

Amin Nasser criticises "irrational hopes of rapid switching" to electric vehicles

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In his speech at CERAWeek on Tuesday, Mr Nasser called on the oil industry to expand exploration in a push to offset natural declines in producing fields.

Houston

SAUDI Arabia's oil company is not afraid of electric vehicles. As it prepares to sell a stake in the company to investors, the CEO reassured a Houston audience that the need for petroleum is not going away any time soon.

"I am not losing any sleep over 'peak oil demand' or

sentifi.com

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