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Saudis drive to boost oil output, fast-track shale gas

RIYADH, Saudi Arabia, Oct. 11 (UPI) -- Saudi Arabia is pushing to boost its oil production capacity by 1.75 million barrels per day by 2017 and is fast-tracking shale gas exploration, analysts say.

Oil-rich Riyadh defends market role

LONDON, Jan. 31 (UPI) -- Saudi Arabia maintains the unilateral ability to respond to any future oil shock to ensure market stability, the country's oil minister said.

Saudis need oil money for security

LONDON, Jan. 17 (UPI) -- Saudi Arabia wants to keep oil prices close to $100 per barrel because it needs the money for internal security matters, an analyst said.
Driving the economy

Driving the economy

Saudi Arabia's Oil Minister Saudi Oil Minister Ali Naimi called the price of oil nearly perfect this week, perhaps a premature comment, all things considered.
ANTHONY HALL, United Press International

Crude oil holds above $85

NEW YORK, April 2 (UPI) -- Crude oil for May delivery held above $85 per barrel on the New York Mercantile Exchange, a price not seen since October 2008.

Saudis predicts soaring oil prices

ROME, May 26 (UPI) -- Oil prices could reach 2008 highs of near $150 per barrel within the next three years unless investments are made to increase production, Saudi officials say.

Saudi minister lauds OPEC moves

VIENNA, March 31 (UPI) -- OPEC's decision to curb crude oil production by more than 4 million barrels per day was the right move to control prices and supplies, a Saudi official said.

Russian ministers meet with OPEC

MOSCOW, Dec. 16 (UPI) -- Top Russian officials are expected to hold talks Tuesday with OPEC ministers to discuss production quotas ahead of a meeting in Algeria with the oil cartel.

Washington asks OPEC to boost oil supply

ROME, Nov. 13 (UPI) -- The Bush administration asked OPEC to agree this weekend to increase oil production to lower fuel prices, U.S. Energy Secretary Samuel Bodman said Tuesday.

Oil drops $2 on OPEC-supply comments

NEW YORK, Feb. 12 (UPI) -- New York crude oil prices closed down more than $2 a barrel Monday after Saudi Arabia's oil minister said OPEC might not cut output next month.

Saudis strike hawkish oil price pose

DOHA, Qatar, Oct. 19 (UPI) -- The most powerful member of the world's oil cartel signaled a newly hawkish position Thursday on the price of crude oil at the group's Qatar meeting.

Riyadh: Blame OECD refining capacity

NEW YORK, May 24 (UPI) -- OPEC officials are worried they will be blamed for high fuel prices even though they are producing at 100 percent levels.

UPI Energy Watch

WASHINGTON, March 17 (UPI) -- OPEC meets and says soaring oil prices are not due to shortage in supply. According to a statement by Qatari Deputy Premier and Energy Minister Abdullah bin Ham
ANDREA R. MIHAILESCU, Energy Correspondent

OPEC to increase production

TEHRAN, March 16 (UPI) -- The Organization of the Petroleum Exporting Countries will hike oil production by 2 percent to 27.5 million barrels per day, the highest level since 1987.

OPEC leader predicts no oil price letup

LONDON, Feb. 25 (UPI) -- Saudi Arabia, the world's largest oil producer, predicts oil prices will remain high, between $40 and $50 a barrel, for the rest of the year.
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Ali al Naimi
Ali Al-Naimi, Minister of Petroleum of Saudi Arabia, tours the grounds of the 3rd OPEC Summit International Oil Exhibition in Riyadh on November 14, 2007. (UPI Photo/Ben Lando)
Wiki

Ali bin Ibrahim Al-Naimi (born 1935) is the Saudi Arabian Minister of Petroleum and Mineral Resources. 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 1947 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.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Ali al Naimi."
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