Saudi Aramco board chairman visits U.S. to discuss Saudi Arabia's Vision 2030

Khalid Al-Falih, minister of Energy, Industry and Mineral Resources and chairman of the Saudi Aramco board of directors, recently visited Saudi Aramco’s offices in the U.S. to disseminate the company’s strategy to help implement Saudi Arabia’s Vision 2030. 

This came on the heels of Deputy Crown Prince Mohammad Al Saud’s recent visit to the U.S. to discuss Vision 2030.

Al-Falih first visited Motiva, which is headquartered in Houston. Motiva is a joint venture between Shell Oil Company and Saudi Refining, which is controlled by Saudi Aramco. However, the venture is dissolving and the assets are being split up.

“Although Motiva is out of physical sight from where I serve in Saudi Arabia, it is always present in my mind as a valued organization with great people and a best-in-class asset,” Al-Falih said. 

Al-Falih next visited Saudi Aramco’s Houston research center, a global research and development program, and inspected its ultrasonic tomographic meter and downhole electromagnetic receiver wireline tool. 

At ASC headquarters, Al-Falih attended a town hall to discuss Vision 2030.

We will become a much more technology and knowledge-driven organization,” Al-Falih said. He added that Saudi Aramco will develop a stronger downstream business, double refining capacity, expanding into chemicals, do more with renewables, create new technologies through its R&D efforts and develop new business lines through investments and acquisitions.”