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Saudi Aramco: Goal to Produce 11 Mln Tons of Blue Ammonia Remains Unchanged

Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)
Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)
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Saudi Aramco: Goal to Produce 11 Mln Tons of Blue Ammonia Remains Unchanged

Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)
Aramco dismissed claims of pausing blue hydrogen plans. (Asharq Al-Awsat)

Saudi Aramco has clarified that the reports claiming it was pausing blue hydrogen plans are inaccurate.

The company’s goal of producing up to 11 million tons of blue ammonia, a carrier of blue hydrogen, by 2030 remains unchanged, it said in a statement on Thursday.

"Aramco continues to work with potential customers and other stakeholders around the world and is making real progress across the blue hydrogen value chain.”

“This includes receiving the world’s first independent certification with Sabic for blue ammonia and blue hydrogen production, as well as delivering three shipments of blue ammonia to customers in Asia," the statement added.

Meanwhile, Saudi Aramco is pushing back a planned Riyadh initial public offering of its energy-trading business, people with knowledge of the matter told Bloomberg.

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Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
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Syria Meeting Focused on Need for Credible Economic Data, IMF Chief Says

International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)
International Monetary Fund (IMF) managing director Kristalina Georgieva, speaks during a Press Briefing on "International Monetary and Financial Committee (IMFC)" during the IMF/World Bank Group Spring Meetings at the IMF headquarters in Washington, DC, on April 25, 2025. (AFP)

Officials from the International Monetary Fund, World Bank and key countries met with Syrian authorities this week on efforts to rebuild the war-torn country, emphasizing the need for credible data, IMF Managing Director Kristalina Georgieva said on Friday.

Georgieva said rebuilding Syria's central bank and expanding the country's capacity to generate revenue were other key issues addressed during the meeting that took place during the spring meetings of the IMF and World Bank.

Saudi Arabia's Finance Minister Mohammed Al-Jadaan, who chairs the International Monetary and Financial Committee, said he was grateful to the IMF and World Bank for stepping up support for Syria, noting others including Yemen, Palestine and Lebanon would also need help.