Ali Al-Naimi

Ali bin Ibrahim Al-Naimi (born 1935) is the Saudi Arabian Minister of Petroleum and Mineral Resources.^[1] Al-Naimi joined Saudi Aramco as a young man and was educated in the United States at Lehigh University under the company's educational program. He later earned his Master's Degree in Geology at Stanford University. After joining Aramco in 1957 and began climbing up the managerial ladder, becoming the Supervisor for the Abqaiq Production Department in 1969. He was then promoted to Assistant Director, then Director of Production in the Northern Province in 1972. He then became Vice-President of Production Affairs in 1975, then Vice-President of Petroleum Affairs in 1978. Al Naimi was elected Member of Board of Directors in 1980 and was promoted to the newly created position of Executive Vice-President of Oil and Gas Affairs in 1981 overseeing all of Saudi Aramco's core business. He was named President of Saudi Aramco in 1983 and was the first Saudi to hold that position. Later, after combining the presidency and chief executive position, he was named President and Chief Executive Officer. He became the Minister of Petroleum and Mineral Resources in 1995 and still holds that position.

Ali I. Al-Naimi is a very highly respected head of the oil services of the country due to his wide experience within the industry.

In 1995, as a result of his distinguished service at Aramco, Al-Naimi was appointed to the prestigious position of Saudi Minister of Petroleum and Mineral Resources. Al-Naimi was succeeded by Abdullah S. Jum'ah as a President and CEO of Aramco. Al-Naimi remains the Chairman of the company until today.

Articles by Al-Naimi

World Energy Magazine - From Technology to Transparency: The Future of Saudi Oil

World Energy Magazine - The Growing Role of National Oil Companies in Saudi Arabia

World Energy Magazine - The Global Energy Market and U.S.-Saudi Petroleum Relations

Quotes

• "It would be incorrect to say that the history of U.S.-Saudi relations is only about oil. The relationship between our two countries is more complex and extensive than that and examples of cooperation in areas of mutual benefit are numerous."
• "We believe that stability in world oil markets depends on having adequate spare production capacity for maintaining balance in the market. Saudi Arabia is committed to provide a major portion of the world's spare capacity."
• "I am quite optimistic about the future. Will there be challenges to overcome? My answer is yes. There are always challenges. Are we up to the task? Most certainly."
• "We work at it day in and day out, investing huge sums in the latest technologies, searching the world for the best talent, and then continuously training our workforce to meet the challenges of the new millennium."

References

1. ^ Minister of Petroleum and Mineral Resources - Saudi Arabia Information