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Author Topic: Saudi Arabia ousts longtime oil minister  (Read 2321 times)

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Offline Smokin Joe

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Saudi Arabia ousts longtime oil minister
« on: Tuesday, May 10, 2016 04:56 pm »
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A royal decree announced that Ali al-Naimi has been replaced by former Health Minister and Saudi Aramco board chairman Khaled al-Falih.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
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Offline montanajoe

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Re: Saudi Arabia ousts longtime oil minister
« Reply #1 on: Tuesday, May 10, 2016 05:15 pm »
Is this the guy who said a few days ago that the Saudi's could live with low oil prices?
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Online Bigun

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Re: Saudi Arabia ousts longtime oil minister
« Reply #2 on: Tuesday, May 10, 2016 05:19 pm »
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.
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Online IsailedawayfromFR

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Re: Saudi Arabia ousts longtime oil minister
« Reply #3 on: Tuesday, May 10, 2016 05:44 pm »
Quote from: Bigun on Tuesday, May 10, 2016 05:19 pm
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.

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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