Saudi Oil Giant Aramco Names New President
JIDDAH, Saudi Arabia (AP) — Saudi Arabia’s state-run oil giant Aramco has named Amin Nasser as its new president.
The company announced the decision Thursday after the recently established Aramco Supreme Council held its first meeting in the Red Sea city of Jiddah. The meeting was led by Deputy Crown Prince Mohammed bin Salman, who is also the country’s defense minister.
Nasser has been acting president and chief executive officer at Aramco since April, after assuming the role from Khaled al-Falih, who was appointed as Aramco’s chairman and the country’s health minister.
Aramco is the world’s largest exporter of crude. The price of oil — the backbone of Saudi Arabia’s economy — has fallen by about half since mid-2014. About 90% of the Saudi government’s revenue comes from oil.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Comments