A major shake-up is coming at the giant state-owned Saudi oil company, Aramco
Saudi Energy Minister Khalid al Falih said Monday he had been replaced as chairman of state-run Aramco as the government moved to further separate leadership of the ministry from the giant oil company ahead of its plans for an initial public offering.
Mr. Falih, who had presided over both Aramco and the energy ministry during Saudi Arabia’s yearslong effort to list shares publicly, last week lost two other portfolios—over industrial and mining policy. He will remain the kingdom’s powerful energy minister, responsible for key...
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