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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

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.


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...

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