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Saudi Aramco Energy Company Expects Oil Demand to Grow - CEO

© AP Photo / Hassan Ammar, FileThis May. 3, 2009 file photo shows an oil facility in Jubeil, about 600 km from Riyadh, Saudi Arabia
This May. 3, 2009 file photo shows an oil facility in Jubeil, about 600 km from Riyadh, Saudi Arabia - Sputnik International
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Saudi Aramco CEO said that Saudi state-owned energy company expects oil demand to grow this year by 1.2 million barrels a day.

An employee fills a container with diesel at a gas station in Riyadh. - Sputnik International
Wind of Change: Saudi Arabia Prepares for the End of 'The Oil Age'
MOSCOW (Sputnik) The Saudi state-owned energy company Saudi Aramco expects oil demand to grow this year by 1.2 million barrels a day, Saudi Aramco CEO Amin Nasser said Tuesday.

"We are seeing increases in India, in the US, and we are meeting that call on us," he was quoted as saying by the BBC.

According to Nasser, Saudi Aramco plans to maintain its presence in the world oil market. The company has plans to expand internationally and is currently looking at a number of joint ventures in various countries, including the United States, India, Vietnam and China, said Nasser.

In 2014, Saudi Arabia's economy was hit badly by the significant drop in oil prices.

In April, the Saudi government approved a reform plan aimed at reducing economic dependence on oil revenues. Recently, the country's Petroleum and Natural Resources Minister Ali Naimi was dismissed. Amin Nasser’s predecessor as Saudi Aramco CEO Khalid al-Falih was appointed to replace him.

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