{"id":8698,"date":"2023-11-14T13:25:57","date_gmt":"2023-11-14T13:25:57","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=8698"},"modified":"2023-11-14T13:25:57","modified_gmt":"2023-11-14T13:25:57","slug":"saudi-aramco-working-toward-reducing-the-risks-of-metal-corrosion-top-official","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/8698\/","title":{"rendered":"Saudi Aramco working toward reducing the risks of metal corrosion: top official"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Energy giant Saudi Arabian Oil Co. has established a set of standards and measures to reduce the risks of metal corrosion as the company employs cutting-edge technologies to ensure safety protocols, a top official said.<\/p>\n

Speaking at the 18th edition of the Middle East Metal Corrosion Conference and Exhibition in Bahrain, Saudi Aramco\u2019s Executive Vice President of Technical Services Wail Al-Jaafari said the firm is committed to protecting the environment while ensuring a reliable energy supply globally.<\/p>\n

He added that the company continues to work to develop in-house solutions for corrosion management as they monitor 6.5 million data points collected from 35,000 areas exposed to rust.<\/p>\n

According to Al-Jaafari, this continuous monitoring of data points helps improve asset performance, safety, and reliability, along with reducing breakdowns.<\/p>\n

He emphasized that the usage of polymers, composites, and carbon-based materials plays an important role in reducing emissions, and Aramco has benefited from the development of non-metallic materials by installing 14,000 km of pipelines and more than 40 million meters of reinforcing bars made of fiberglass-reinforced polymer.<\/p>\n

Earlier in November, Aramco\u2019s Chairman Yasir Al-Rumayyan highlighted that the premature abandonment of traditional energy sources will threaten energy security, leading to expenditure challenges.<\/p>\n

According to Al-Rumayyan, the early phase-out of conventional sources has created cost-related challenges, as witnessed in the recent energy crisis.<\/p>\n

He added that bridging the gap between unrealistic goals through data will be necessary to drive the global economy toward carbon neutrality.<\/p>\n

Meanwhile, on Nov. 7, Aramco revealed that its net profit for the third quarter of this year increased by 8.31 percent to SR122.19 billion ($32.6 billion) compared to the previous quarter, primarily driven by higher crude oil prices and improved refining margins.<\/p>\n

The company also added that its operational profit for the third quarter of this year rose 10.3 percent to $62.50 billion compared to the previous quarter.<\/p>\n

In the first nine months of 2023, Aramco reported a net profit of $94.54 billion, representing a fall of 27.46 percent compared to the same period of the previous year, primarily driven by lower crude oil prices and weakening refining and chemicals margins during the period.<\/p>\n

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