Falih emphasized that Saudi Aramco maintains a long term perspective when dealing with investments, while it also consider the short-term requirements of agility and flexibility. “We build for a generation or more,” Al-Falih said. “we also recognize that we have to operate efficiently in today's environment, and strive to optimize our investments in light of both market conditions and the need to maintain reliable operations, without taking our eyes off from our long-term objectives.” Al-Falih also addressed the important requirement to leverage the hydrocarbon activities towards the continued development and diversification of the Saudi economy through in-Kingdom procurement of goods and services, knowledge-sharing activities with Saudi institutions and companies, and creating investment opportunities, especially for the downstream petrochemical sector. --MORE
