Saudi Arabia’s move to replace Khalid al-Falih as energy minister with Prince Abdulaziz bin Salman is set to have less of an impact on state-behemoth Aramco’s strategy than previous such moves (MEES, 13 September). The government had already moved to create additional separation between the ministry of energy and Aramco earlier in the month by removing Mr Falih as chairman of the state firm. The new minister’s focus will be on Opec affairs.
Yasir al-Rumayyan, head of sovereign wealth fund PIF, was appointed Aramco chairman last week and retains the role (MEES, 6 September). (CONTINUED - 771 WORDS)