Sunday 8 May 2016

New Saudi oil era ignites old questions - FT.com

New Saudi oil era ignites old questions - FT.com:

"The new Saudi administration under construction by Mohammed bin Salman, the monarchy’s young deputy crown prince, has been quick to jettison ministers deemed inefficient or out of line with a prevailing reformist tone in the royal court.
Ali al-Naimi, once Saudi Arabia’s most influential commoner and for decades the face of energy policy in the world’s largest oil exporter, has become the most prominent minister yet to be replaced. Khalid al-Falih, a fellow Saudi Aramco veteran, took over his role on Saturday as oil minister. He is playing an influential role in shaping Prince Mohammed’s reform plans, which include taking part of the state oil company public."



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