Saudi succession comes with consequence for oil industry | The National:
"The rapid changes in the Saudi succession and government come with consequences for the energy sector too. Oil revenues are the foundation of the state, but at the same time they have remained insulated from domestic political interference.
Khalid Al Falih, the respected veteran of the state oil company Saudi Aramco, and its chief executive since 2008, has moved up to be chairman, replacing Ali Al Naimi, and – in a surprising move – also being named health minister.
Mr Al Naimi, oil minister since 1995, and now aged about 80, has made no secret of his desire to retire, and concentrate on his chairmanship of the King Abdullah University of Science and Technology."
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