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Saudi Aramco set itself out as wholly supportive and integral to Deputy Crown Prince Muhammad bin Salman’s Vision 2030 in its Annual Review for 2015.
“As the country transitions to a more diversified economy – one based on new industries, innovation, and knowledge – it is our responsibility to manage the resource base for the greater benefit of the country,” the state-owned giant, which until last month was headed by newly-anointed energy minister Khalid al-Falih, says.
The inference is clear, the kingdom’s ability to develop its non-oil sectors is dependent on Aramco’s ability to produce, refine and export its hydrocarbon resources.
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