DUBAI: Saudi oil giant Aramco is boosting its big data and artificial intelligence unit that links up its assets to help maximize profit, assisting on decisions from trading to acquisitions, a senior executive told Reuters.
“We have 70 people working on this, we’re still adding more,” Yasser Mufti, Aramco’s executive vice president for products and customers, said.
Aramco aims to make investments that better reflect the company’s sprawling footprint and to respond to market changes faster. Aramco also has asset-specific reviews underway to boost returns.
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