Commodities
Aramco's Tech Investments Deliver Record $5 Billion Value
Saudi Aramco has seen significant returns from its investments in technology, exceeding $5 billion in realized value last year.
The state-controlled oil producer's senior vice president of digital and information technology, Sami Al Ajmi, stated that this exceeded their targets and is expected to grow further.
Aramco is utilizing artificial intelligence, historical data, and digital twins across its facilities to identify problems and speed up recovery times.
The company's tech investments have helped it deal with disruptions to global shipping and restore operations at facilities struck by Iran and its proxies.