"Saudi Energy Minister Attributes Aramco's Capacity Halt to Energy Transition"

Saudi's state-controlled oil giant Aramco suspended its capacity expansion plans due to the green transition, with Energy Minister Abdulaziz bin Salman emphasizing the shift towards renewables for future energy security. The decision to halt the increase in crude production capacity was a result of continuous market review, reflecting the evolving energy landscape. Saudi Arabia aims to decarbonize by 2060, with Aramco targeting operational net-zero emissions by 2050, aligning with efforts to diversify the kingdom's economy away from fossil fuels.