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Saturday, 22 October 2016

Al-Falih, the man entrusted to explain the Saudi strategic shift

Al-Falih, the man entrusted to explain the Saudi strategic shift:

"As a young executive at Saudi Aramco, Khalid al-Falih was responsible for negotiating with some of the world’s biggest energy companies over joint ventures in the kingdom’s gas sector.

While those talks resulted in only limited foreign participation, Mr Falih — now Saudi Arabia’s energy minister — gained credit for juggling conflicting interests, and helping to break the public sector’s grip on vital industries.

His ability to deftly manage the process goes some way to explaining why he is now a trusted confidant and adviser to deputy crown prince Mohammed bin Salman, and the kingdom’s interlocutor with the world on energy policy. It also explains why the world took notice when, earlier this week, he called an end to the “considerable downturn” in the oil market."



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