Thursday 30 April 2015

Saudi oil policy not expected to be affected by leadership shuffle | The National

Saudi oil policy not expected to be affected by leadership shuffle | The National:



"A reshuffle of the leadership in Saudi Arabia and at its state-run energy firm is unlikely to change the oil policy of the world’s biggest crude exporter, analysts said yesterday.



King Salman, who became ruler in January following the death of King Abdullah, yesterday appointed the interior minister Mohammed bin Nayef as the new crown prince, replacing the king’s half brother Prince Muqrin and gave Adel Fakeih, the labour minister, the economy and planning portfolio.



King Salman also announced the appointment of the Saudi Aramco chief executive and president Khalid Al Falih as the country’s health minister. He also replaced the veteran oil minister Ali Al Naimi as Aramco’s chairman."



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