Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.
Flaring remained at less than 1% of Aramco’s total raw gas production in the first half of 2019.
Ahmad A. Al-Saadi, Saudi Aramco senior vice-president, technical services, said: “We are proud to join the ‘Zero Routine Flaring by 2030’ Initiative, which we view as an important global effort to eliminate flaring.
“We have been taking active steps to reduce flaring in our operations for the past 40 years and have invested in a range of flaring reduction technologies and programs to achieve our excellent performance.
“Beyond this initiative, we are also investing in advanced technologies to enable greater efficiency and lower emissions in transport, carbon-free hydrogen fuels, and carbon capture, utilisation and storage.
“This is all part of our broader effort to enable the circular carbon economy and deliver clean, reliable and affordable energy to the world while minimizing greenhouse gas emissions.”
Launched in April 2015, the ‘Zero Routine Flaring by 2030’ Initiative is a World Bank climate collaboration that brings together governments, oil and gas companies, and development institutions from around the world to eliminate routine flaring by 2030.
Over 80 governments and organizations have joined the initiative, including the Government of Saudi Arabia, which joined in December 2018.
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