Aramco's Nasser says demand nears pre-pandemic ​levels; assets sale not tied to crude prices

Saudi Aramco President and CEO Amin Nasser

Saudi Aramco President and CEO, Amin Nasser, said that demand for crude oil is likely to continue, as it is nearing pre-pandemic levels.

The sale of assets that the company may conduct will not be tied to crude prices, Nasser said on the sidelines of the In-Kingdom Total Value Add (IKTVA) Forum and Exhibition.

The IKTVA program helped establish a competitive industrial base, resulting in exports to more than 40 countries. Meanwhile, local content requirements embedded in thousands of contracts contributed more than $100 billion to the national economy. 

At the same time, the program attracted more than 540 investments to Saudi Arabia from 35 countries, Nasser added.