EnergyWatch

Aramco devising thriftier engines to defuse electric-car threat

Saudi Arabia's state-owned oil company is developing new ways to profit from crude as the country tries to wean its economy off the commodity.

Photo: SaudiAramco

While Saudi Arabia tries to wean its economy off crude, the nation’s flagship company is devising new ways to make money from the fuel.

Saudi Aramco, the world’s biggest oil exporter, is investing in developing more efficient gasoline-powered engines and testing new methods of turning a barrel of crude directly into petrochemicals. The goal: To prolong the global demand for petroleum for decades to come by making engines and chemicals more cost-effective, even as electric vehicles and alternative sources of energy nibble away at crude’s market share.

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