Homaid Al Shemmari expected to be named interim head of energy in place of Sultan Al Jaber at Mubadala | The National:
"The shift to new leadership of the UAE’s energy sector is a strategic move that has been in the works for some time, even though the new generation must quickly step in and demonstrate an ability to chart a course through a volatile global landscape.
An economic and political shake-up of sorts has happened this month, including a younger group taking the reins at some of the country’s key energy assets.
The industry is now undergoing a sea change as oil prices languish near US$30 a barrel, having plummeted about 70 per cent during the past 18 months, and as international companies shelve hundreds of billions of dollars of upstream projects."
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