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Saudi Arabia ousts longtime oil minister

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Smokin Joe:
Saudi Arabia ousts longtime oil minister

http://www.pennenergy.com/articles/pennenergy/2016/05/saudi-arabia-ousts-longtime-oil-minister.html?cmpid=EnlDailyPetroMay102016&eid=290980193&bid=1399855

Saudi Arabia ousts longtime oil minister

 May 9, 2016

Aya Batrawy, Associated Press

DUBAI, United Arab Emirates (AP) — Saudi Arabia on Saturday announced the ouster of its longtime oil minister as part of a larger ongoing government shakeup.

A royal decree announced that Ali al-Naimi has been replaced by former Health Minister and Saudi Aramco board chairman Khaled al-Falih.

Al-Naimi has long been a pillar of Saudi oil policy, leading the Ministry of Petroleum and Mineral Resources since 1995. Prior to that role he'd served as the president of oil giant Aramco.

Under a new Saudi leadership led by King Salman, the king's son Deputy Crown Prince Mohammed bin Salman has largely been overseeing Saudi economic policy along with a handful of new ministers. The changes announced Saturday come as the government plans wide-ranging reforms aimed at overhauling the Saudi economy amid lower oil prices that have eroded state revenues.

More at: http://www.pennenergy.com/articles/pennenergy/2016/05/saudi-arabia-ousts-longtime-oil-minister.html?cmpid=EnlDailyPetroMay102016&eid=290980193&bid=1399855

montanajoe:
Is this the guy who said a few days ago that the Saudi's could live with low oil prices?

Bigun:
Did quite a bit of work for Al-Naim years ago when he was the head man at ARAMCO.  Liked him a lot! Smart as a whip but probably getting a little long in the tooth now just like me.

IsailedawayfromFR:

--- Quote from: Bigun on May 11, 2016, 01:19:34 am ---Did quite a bit of work for Al-Naim years ago when he was the head man at ARAMCO.  Liked him a lot! Smart as a whip but probably getting a little long in the tooth now just like me.

--- End quote ---

One of those geologists who made it to the top.

A scientist being replaced by an Aggie Engineer will be quite different...........

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