Wednesday 2 October 2013

Saudi Gazette - Aramco’s Al-Madi set to be new Saudi OPEC governor

Saudi Gazette - Aramco’s Al-Madi set to be new Saudi OPEC governor:

"Saudi Arabian Oil Co.’s (Saudi Aramco) Mohammed Al-Madi is set to replace Yasser Mufti as the Kingdom’s OPEC governor, according to a person with knowledge of the matter, Bloomberg reported Tuesday.

Al-Madi, who heads the Korean unit of Saudi Aramco will probably take up the position next year as Mufti plans to step down by the end of 2013, the person said Monday, declining to be identified because the appointment hasn’t been announced publicly.

Media officials at the Ministry of Petroleum & Mineral Resources in Riyadh declined to comment when contacted by phone."

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