Saudi Aramco last night named Amin Al Nasser as the “acting president and chief executive officer”.
The appointment followed Khalid Al Falih’s assignment on Wednesday to the Saudi Cabinet under a major government
Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil giant more transparent and keep it away from p
Saudi Arabia has created a new 10-member supreme council for state-run oil company Saudi Aramco , headed by the kingdom's deputy crown prince, according to a statement on Aramco's website.
"The council is chaired by H
Saudi King Salman appointed Saudi Aramco's chief executive as chairman of the state oil firm and health minister, in a reshuffle that is unlikely to change oil policy in the world's top crude exporter.
Oil prices dipped on Wednesday as oversupply outweighed political uncertainty in Saudi Arabia where King Salman relieved the crown prince as well as several senior ministers and the chief executive of national oil company Saudi Aramco.
Saudi King Salman on Wednesday appointed Interior Minister Prince Mohammed bin Nayef as his new heir, replacing the monarch's half brother Prince Muqrin, and made his son, Defence Minister Mohammed bin Salman, second in line to succeed.
A venture between Saudi Basic Industries Corp, state oil giant Saudi Aramco and the government's Public Investment Fund may eventually go public, Sabic's acting chief executive Yousef Abdullah Al Benyan said.
Saudi Aramco and India's Reliance Industries have not yet concluded a term contract to import diesel and gasoline, three industry sources said, fanning market speculation that the long-standing annual deal may not be renewed.
Saudi Aramco has started testing parts of its Wasit gas programme, raising hopes it can be begin part operations this summer when demand for power in the world's top oil exporter peaks, four industry sources said.
Saudi Arabia's PetroRabigh will ask shareholders to approve raising its capital via a rights issue worth about SR7.04 billion ($1.88 billion), the company said on Monday.
PetroRabigh, a joint venture between Saudi Aramco and S