Saudi Aramco chief tells of ‘deeply personal’ pride in industry award

Saudi Aramco’s president and CEO, Amin Nasser, has been named energy executive of the year by a panel of international industry leaders. (Reuters/File Photo)
Short Url
Updated 13 October 2020
Follow

Saudi Aramco chief tells of ‘deeply personal’ pride in industry award

  • Saudi Energy Minister Prince Abdul Aziz bin Salman said the award was “fully merited” for Nasser’s career achievements

DUBAI: Amin Nasser, president and CEO of Saudi Aramco, received tributes from leaders of the global energy industry as he was named Energy Executive of the Year at a virtual ceremony that highlighted his decades of work at the Saudi oil giant.

Nasser said that he took pride in the award, which was “deeply personal” because of his family’s long association with Aramco.

“The pride comes from being part of a community that cares for the company, the country and the planet,” he said. 

Saudi Energy Minister Prince Abdul Aziz bin Salman said the award was “fully merited” for Nasser’s career achievements.

It was decided by global energy leaders and awarded by the Energy Intelligence consultancy.

*****

READ MORE: Aramco chief wins energy executive of the year award

Oil recovering from ‘worst time in my generation,’ says Aramco’s Nasser

*****

“It is richly deserved — not for a single year but a lifetime of achievement — and it is particularly humbling as it’s the view of his peers,” Prince Abdul Aziz said, highlighting the challenges that have faced the Aramco chief recently, including the attacks on the Kingdom’s oil facilities at Abqaiq and Khurais last year, the initial public offering of shares on the Tadawul, the $70 billion acquisition of SABIC and the response to the collapse of oil demand as a result of the coronavirus disease (COVID-19) pandemic.

“Any one of these would be career-defining for most companies and their CEOs, but Amin has had to deal with all these (and more besides) in rapid succession. He is always a calming voice in a sometimes crazy and polarized world. His strategic vision and outlook are matched by his technical competence — he knows what he is talking about. He means what he says and delivers what he promises,” the energy minister said.

“He is an inspiration, in particular, to the younger generation of men and women who look to him for guidance. And he is a very safe hand on the tiller — something that gives us all great comfort when navigating stormy waters,” the prince added.

Ben van Beurden, CEO of Shell and last year’s recipient of the award, said that Nasser had become the leader of the national oil companies in the global energy world, and had reached the “very pinnacle” of the oil industry.

Daniel Yergin, Pulitzer Prize-winning historian of the oil industry, praised Nasser’s “down to earth knowledge” of the oil production process alongside his “overall grasp of the global industry.”

Raja Sidawi, chairman of Energy Intelligence, said that the work of the team, led by Nasser, to restore production at the Abqaiq and Khurais facilities after the attack last September was “miraculous.”  

Nasser told the virtual ceremony that he found it “discouraging and distressing” when critics attacked the energy industry, especially over environmental matters.

“We should not be complacent about climate change. It is the biggest of our challenges. But the oil industry has done a lot for the global economy,” he said.

Nasser added that he believed the worst was over for the oil industry after the wild market fluctuations of the past year, and that he thought global demand would recover to pre-pandemic levels by 2022.


Using space science to protect Saudi Arabia’s environment

Updated 02 January 2026
Follow

Using space science to protect Saudi Arabia’s environment

  • Kingdom is harnessing satellite technology to forecast disasters, boost agriculture

RIYADH: Learning space science has delivered significant environmental benefits worldwide, helping many countries better understand and manage climate challenges. 

Saudi Arabia is now taking steps not only to explore the galaxy but also to invest in future generations who can apply space science to pressing environmental issues at home.

Last November, the Space Academy, part of the Saudi Space Agency, launched a series of seminars designed to enhance knowledge and develop skills in space science and technology, with a particular focus on Earth observation.

Running for nearly a month, the program formed part of a broader strategy to nurture national talent, raise scientific awareness, and build data capabilities that support innovation and research across the Kingdom.

Developing space sector can eventually help reduce some of the critical climate issues such as drought and air pollution. (AFP)

As efforts to strengthen the sector continue, important questions remain: How can space science translate into tangible environmental benefits? And how large is the global space economy?

In an interview with Arab News, Fahad Alhussain, co-founder of SeedFord, highlighted the scale of the opportunity and its environmental impact.

“To be frank, the slogan that we always use in space is that ‘saving the Earth from the space.’ It is all about this,” Alhusain told Arab News.

“You can recall a lot of related environmental issues like global warming, related to forests, related to the damage that happens to the environment. Without space, it would be almost impossible to see the magnitude of these damages.”

According to Alhussain, satellites have transformed how experts observe environmental changes on Earth, offering a comprehensive view that was previously impossible.

“By collecting data and using satellites… You can better analyze and measure so many things that help the environment,” said Fahad Alhussain. (Supplied)

He said that “the transformation of technology allows even the non-optical ways of measuring, assessing, and discovering what is going on in the environment … you can even anticipate fire before it happens in the forest.”

“You can detect the ice-melt down, you can get huge amount of information and can see it through the weather maps…there is a huge section in the economy for the environment,” Alhussain commented.

A 2022 report by Ryan Brukardt, a senior partner at McKinsey & Company, published by McKinsey Quarterly, found that more than 160 satellites currently monitor Earth to assess the impacts of global warming and detect activities such as illegal logging.

Brukardt cited NASA as an example of how advanced satellite tools are used to track environmental changes, including shifts in ocean conditions, cloud cover, and precipitation patterns. He also noted that satellite data can help governments determine when immediate action is needed, particularly in response to wildfires.

FASTFACT

Did You Know?

  • Satellites collect massive amounts of data, and AI is used to help interpret this information more efficiently and predict future outcomes.
  • The global space economy surpassed $600 billion in 2024 and is projected to exceed $1 trillion by 2030.
  • Saudi Arabia has established three key entities: the Supreme Space Council, the Saudi Space Agency, and the Communications, Space, and Technology Commission.

Beyond disaster response, satellites offer vital insights for agriculture. According to Brukardt’s report, scientists can use space-based data to monitor crop development and anticipate threats to harvests, such as drought or insect infestations.

These wide-ranging applications explain the rapid growth of the global space economy. 

According to World Economic Forum research, the sector is projected to reach $1.8 trillion by 2035, nearly tripling from $630 billion in 2023.

A deeper understanding of space and its applications offers Saudi Arabia, and the world, better tools to anticipate climate challenges, protect ecosystems, and safeguard biodiversity. (Supplied)

For Saudi Arabia, expanding space science capabilities could help address the country’s arid conditions by monitoring desertification and identifying sources of air pollution. Early detection of droughts, heatwaves, and crop stress could support more effective environmental planning and response.

Space-based data could also play a critical role in tracking environmental changes in the Red Sea and surrounding coastal ecosystems, strengthening marine conservation efforts and supporting the Sustainable Development Agenda.

As Alhussain emphasized, advancing knowledge in space science and satellite technology enables experts to measure environmental damage accurately and predict disasters before they occur, allowing for more effective responses.

By investing in space science education and research, the Kingdom can build national expertise, strengthen environmental protection policies, enhance food and water security, and contribute to global efforts to combat climate change—while also benefiting from the rapidly expanding space economy.

Ultimately, a deeper understanding of space and its applications offers Saudi Arabia, and the world, better tools to anticipate climate challenges, protect ecosystems, and safeguard biodiversity.

“By collecting data and using satellites, you can better analyze and measure so many things that help the environment,” said Alhussain.
“There will be patterns where you can warn people, scientists and decision makers to do something about it.”