Saudi Arabia replaces veteran oil minister Ali al-Naimi - FT.com

Saudi Arabia replaces veteran oil minister Ali al-Naimi - FT.com:

"Saudi Arabia has replaced veteran oil minister Ali al-Naimi, one of the industry’s most influential leaders for 20 years, as part of a broader shake-up at the world’s largest oil exporter.
In a move that redirects further power towards the king’s son, Deputy Crown Prince Mohammed bin Salman, the kingdom will replace Mr Naimi with Khalid al-Falih, chairman of state oil company Saudi Aramco, according to a royal decree issued on Saturday."



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