Riyadh: Saudi Aramco’s chief executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns.
“Look at China, their gasoline and diesel demand is almost at pre-COVID 19 levels. We are seeing that Asia is picking up and other markets (too),” he told reporters on a conference call after Aramco reported results. “As countries ease the lockdown, we expect the demand to increase”.
Meanwhile, Saudi Aramco still plans to pay $75 billion in dividends this year.
“We intend to pay the $75 billion, subject to board approval and market conditions,” Aramco CEO Amin Nasser told reporters on a conference call after announcing the company’s quarterly results.
Payouts to minority shareholders as pledged are protected for five years, he added.
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