Aramco turns to big data to shape M&A and boost profit – executive

Saudi oil giant Aramco is boosting its big data and artificial intelligence unit that links up its assets to help maximise 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 in an interview offering rare insight into its operations. Once the realm of international oil companies, the unit called Global Optimizer was set up as a department under its downstream business in 2022 and stems from an overhaul that the state oil giant began in 2021.