Saudi Aramco splits its gas business amid expansion in chemicals

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.

Saudi Arabian Oil Co will create two new divisions, named Southern Area Gas Operations and Northern Area Gas Operations, according to people familiar with the matter. The departments will be run by Wail Al Jaafari and Jumaan Al Zahrani respectively, according to the people who asked not to be identified. The appointments are awaiting board approval.

Aramco didn’t immediately respond to a request for comment.