Saudi Aramco, PetroChina wins Hart Energy Awards

Jeddah: Saudi Aramco and PetroChina officials accepted Hart Energy Publishing's Refining & Energy Company of the Year Awards Refining, Fuels & Biofuels: Working Together Towards a Clean & Sustainable Future.

Saudi Aramco won its Hart award for excellence in global energy, recognized as the International Energy Company of the Year Honoree. PetroChina won its Hart award for excellence in refining as the International Refining Company of the Year. Accepting the award on behalf of Saudi Aramco was Dawood Al-Dawood, vice-president of Marketing, Supply and Joint Venture Coordination.

On top of Aramco's $62 billion investment to boost oil production over the last five years, the company is now committed to a further $90 billion investment across the board over the next five years, he said. As a result, about half of the world's expected crude oil capacity growth over that period is expected to come from Aramco alone.