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We are maintaining our long-term focus rather than being swayed by the volatility of short-term conditions
Saudis predicts soaring oil prices May 26, 2009
We will try to convince other members to agree with our proposal in the Isfahan meeting
UPI Energy Watch Mar 17, 2005
The winter is coming, our (oil price) band is still $22-$28 (well below current prices), so why should we do anything
Saudis call for delays in output cuts Dec 09, 2004
Fields and reservoirs for the (expansion) program have already been identified, and the decision to invest in added production capacity on this scale reflects our belief that demand for Saudi oil will continue to increase
Saudis vow hike in crude output capacity Nov 30, 2004
We have developed enough of a rapport, enough reliability between the producer and the consumer, that we should be the repository of the inventory
Saudis act to control world market of oil Feb 13, 2004
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.