Saudi Aramco appoints new president and CEO World's biggest oil producer, Saudi Aramco appointed Amin al-Nasser as its new president and chief executive ******r, at the first meeting of the newly created supreme council. The 10-member supreme council is led by Deputy Crown Prince Mohammed Bin Salman, the son of King Salman bin Abdulaziz and second in line to the throne, also approved a five-year business plan at the meeting held overnight in Jeddah, the company said in an e- mailed statement on Thursday. Nasser in May was named interim CEO, replacing Khalid Al-Falih who became chairman and health minister. The supreme council is restructuring the Dhahran-based company, k**wn as Saudi Aramco, which is ** longer under the oil ministry. London- based independent analyst and former professor of eco**mics at King Fahd University for Petroleum and Minerals in Dhahran, Mohamed Ramady, said by e-mail to Bloomberg that “More appointments are expected, since many senior vice presidents retired lately and ** replacements have been an**unced so far.” Saudi Aramco has the ability to pump 12 million barrels of crude a day, and is steering the Organization of Petroleum Exporting Countries (OPEC) to record production to keep market share amid a global glut. Nasser, senior vice president for upstream until May, will become the fourth Saudi national to head Aramco since its inception in 1933, after Oil Minister Ali al-Naimi, Abdullah Jumah and Al-Falih. Nasser became chief petroleum engineer in April 2004 and executive director of petroleum engineering and development in May 2005. RELATED ARTICLES: Aramco-to-build-8-000-employee-homes-in-Saudi , Khidmah-secures-IFM-contract-with-Saudi-Aramco , Fire-at-Saudi-Aramco-s-worker-residential-complex ,
09-20-2015, 09:16 AM
Saudi Aramco appoints new president and CEO
World's biggest oil producer, Saudi Aramco appointed Amin al-Nasser as its new president and chief executive ******r, at the first meeting of the newly created supreme council. The 10-member supreme council is led by Deputy Crown Prince Mohammed Bin Salman, the son of King Salman bin Abdulaziz and second in line to the throne, also approved a five-year business plan at the meeting held overnight in Jeddah, the company said in an e- mailed statement on Thursday. Nasser in May was named interim CEO, replacing Khalid Al-Falih who became chairman and health minister. The supreme council is restructuring the Dhahran-based company, k**wn as Saudi Aramco, which is ** longer under the oil ministry. London- based independent analyst and former professor of eco**mics at King Fahd University for Petroleum and Minerals in Dhahran, Mohamed Ramady, said by e-mail to Bloomberg that “More appointments are expected, since many senior vice presidents retired lately and ** replacements have been an**unced so far.” Saudi Aramco has the ability to pump 12 million barrels of crude a day, and is steering the Organization of Petroleum Exporting Countries (OPEC) to record production to keep market share amid a global glut. Nasser, senior vice president for upstream until May, will become the fourth Saudi national to head Aramco since its inception in 1933, after Oil Minister Ali al-Naimi, Abdullah Jumah and Al-Falih. Nasser became chief petroleum engineer in April 2004 and executive director of petroleum engineering and development in May 2005. RELATED ARTICLES: Aramco-to-build-8-000-employee-homes-in-Saudi , Khidmah-secures-IFM-contract-with-Saudi-Aramco , Fire-at-Saudi-Aramco-s-worker-residential-complex ,
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