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Saudi Aramco Splits Its Gas Business Amid Chemicals Expansion

Gas is crucial to growing its chemicals, hydrogen businesses
Firm’s gas operations structure now mirrors its oil division

An employee at the Hawiyah Natural Gas Liquids Recovery Plant, operated by Saudi Aramco, in Hawiyah, Saudi Arabia. — An employee at the Hawiyah Natural Gas Liquids Recovery Plant, operated by Saudi Aramco, in Hawiyah, Saudi Arabia.
Photographer: Maya Sidiqqui/Bloomberg

By

Anthony Di Paola,

Salma El Wardany, and

Reema Al Othman

September 9, 2021, 4:04 PM UTCUpdated onSeptember 10, 2021, 4:00 AM UTC

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Saudi Arabia’s state-run energy firm is splitting its gas production division in two, as the fuel becomes increasingly important for expanding its chemicals business and amid efforts to position itself for the energy transition.