The King Saudi Arabia has dismissed his oil minister. Ali al-Nuaimi was since 1995 in office. The 70-year-old had recently met with considerable opposition throttling of the oil production.
In a unique action King Salman of Saudi Arabia on Saturday a adopted series of decrees in the Saudi TV, which he wants to restructure several ministries. The senior managers of the Saudi Arabian oil company Aramco, Khalid al-Falih, as new oil minister of the Arab kingdom.
The former Health Minister and former Aramco CEO is the future at the top of a house, which was renamed the Ministry of Energy, Industry and Mineral Resources, as the Arab news channel Al-Arabiya reported Saturday. The business with the oil is intended to play in the future no longer such a dominant role as far.
Several ministers have to go
Al-Falih solves Ali al-Nuaimi from the Saudi since 1995 oil Minister was. He was considered influential figure in the oil cartel Opec. Under his leadership, Saudi Arabia previously held it firmly, not to curb oil production despite the global price decline.
In addition to the oil minister to the heads of energy, water, transportation, commercial, social, health and pilgrims vacate their posts. In addition, King Salman has launched a new committee for sports and culture to life.
dependence on oil to be reduced
The reshuffle comes about two weeks after Saudi Arabia a plan for economic submitted development, which is to reduce the country’s dependence on oil. reportedly plans to Saudi Arabia, among other things, parts of the state oil and chemical company Aramco for sale. Aramco is the world’s largest oil producer and is considered one of the most valuable companies in the world.
Saudi Arabia budget and economy are so far largely dependent on oil. The country suffers therefore under the global oil price decline. For 2015, the UK had a record deficit of 98 billion dollars (87 billion euros).
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