Saudi Minister of Energy: the “Demand Sustainability” program will promote the development of oil technologies

Saudi Energy Minister Prince Abdulaziz bin Salman said the “Sustainability of Oil Demand” program will increase the development of oil and gas demand and find additional uses for hydrocarbon products.

This came when the Minister of Energy and the chair of the oversight committee of the oil demand sustainability program signed a memorandum of understanding between the program and National Oilwell Varco NOV to stimulate the oil and gas industry to global level and support cooperation in it, raising awareness of polymer-based products and definition of standard to promote and encourage the use of these products locally, regionally and globally.

The memorandum, signed on behalf of the company by Clay C. Williams, president, president and chief executive officer of National Oilwell Pharco, aims to strengthen the cooperative efforts between the program and the company to support and encourage the use of non-industrial materials. metals to protect the environment and economically, and to support the Kingdom’s position as a global supplier of petrochemicals, in in line with the pillars The strategy for the Oil Demand Sustainability Program related to development, innovation and sustainability.

The Energy Minister noted the interest, follow-up and support of Prince Muhammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defense and Chairman of the Supreme Hydrocarbon Committee, indicating that this ambitious program is been looked after by an ambitious person who always tries to Develop the capabilities of this country and use an ambitious generation of our sons and daughters, which helped us a lot in approving the program.

It is worth noting that the Oil Demand Sustainability Program is a program overseen by the Supreme Committee on Hydrocarbon Affairs.The program has identified and prioritized approximately 50 initiatives in the transport, benefits and materials sectors that promote sustainability, development and innovation, as it aims to enable the use of polymer-based materials and support the localization of hydrocarbon supply chains, while National Oilwell Pharco provides technology-based solutions to enable the use of materials based on polymers in all sectors; Especially since it is a leader in innovations and development in the non-metallic materials sector.

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