Ali Al-Naimi

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Ali bin Ibrahim Al-Naimi
Min-oil-Naimi-05.JPG
Minister of Petroleum and Mineral Resources
In office
2 August 1995 – 7 May 2016
MonarchKing Fahd
King Abdullah
King Salman
Preceded byHisham Nazer
Succeeded byKhalid A. Al-Falih
President and CEO, Saudi Aramco
In office
1983–1995
Preceded byJohn Jacob Kelberer
Succeeded byAbdallah S. Jum'ah
Personal details
Born (1935-08-02) 2 August 1935 (age 83)
Ar-Rakah, Saudi Arabia
NationalitySaudi Arabian
Spouse(s)Dhabyah
ChildrenReem, Rami, Nada, Mohammad
ResidenceDhahran, Saudi Arabia[1]
Alma materLehigh University
Stanford University

Ali bin Ibrahim Al-Naimi (Arabic: علي بن إبراهيم النعيمي‎) (born 2 August 1935)[2] was the Saudi Arabian Minister of Petroleum and Mineral Resources from 1995 to 2016.[3]

Early life and education[edit]

Born to Ibrahim, a pearl diver of the Al-Naimi tribe, and Fatima, a Bedouin of the Ajman, his parents became divorced during the pregnancy. As a consequence, Naimi was born into and lived the first eight years of his nomadic life with his mother's and stepfather's tribe. From the age of four, he tended the family's flock of lambs. His mother divorced his stepfather when Al-Naimi was eight, and Al-Naimi left the Ajmani tribe to live with his father in Al-Hasa.[4]

Ali Al-Naimi's older brother Abdullah, was hired by Aramco in 1944, and attended the Jebel School run by the company. Abdullah took Ali along, where they learned English, Arabic and basic arithmetic in the mornings, then worked as office boys in the afternoon. Finally, on 6 Dec. 1947, Ali was hired as a junior clerk, but still attended school in the mornings.[4]:26-30,36-37

Naimi was born in Ar-Rakah in the Eastern Province. He joined Saudi Aramco in 1947 as a twelve-year-old office boy. Under the training programs of Aramco, he studied at International College, Beirut and the American University of Beirut, before going to Lehigh University in the United States. He obtained a Bachelor of Science degree in geology in 1962. He then earned a Master of Science degree in hydrology and economic geology at Stanford University.[5][6]

Ali attended advanced management courses at Columbia in 1974 and Harvard in 1979.[4]:111

Career[edit]

After graduation, Naimi joined Aramco's exploration and production department as a geologist in 1964. He presented his first research paper, The Groundwater of Northeastern Saudi Arabia, in 1965. In 1967, he spent a year in the public relations department, before being assigned as the senior supervising operator for the Abqaiq Field in 1968. There he used an innovative gas injection method to revive the Ain Dar, No. 17, well. On 1 April 1969, Ali was made superintendent, assistant manager in 1972, and then manager in 1973.[4]:76,82-89

He was promoted to manager of Northern Area producing in 1974, which had responsibility for 11 of Aramco's 15 oil fields. On 1 May 1975, the Aramco board promoted Ali to be the vice president for producing and water injection. He was one of the leaders that initiated seawater injection as a replacement for well water. He was named president of Aramco Overseas Company before becoming a senior vice president in July 1978.[4]:93,95-96,105,107-108 Al Naimi was elected a 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. He was named president of Saudi Aramco in Nov. 1983,[7] being the first Saudi to hold that position. Then in 1988, Al-Naimi assumed responsibilities as CEO.[4]:122,143

He became the Minister of Petroleum and Mineral Resources on 2 August 1995 (his 60th birthday), replacing Hisham Nazer.[5] Al-Naimi became the first oil executive to hold the office. He was succeeded by Abdullah S. Jum'ah as CEO of Aramco.[4]:190-194

Also in 1995, Naimi received an Honorary Doctorate from Heriot-Watt University[8]

In December 2010, the Saudi Supreme Petroleum Council, chaired by King Abdullah, asked Naimi to nominate candidates to succeed him as oil minister.[9]

In November 2014, still serving as Saudi oil minister and therefore the de facto leader of OPEC, Naimi became the primary advocate for the export organization's controversial new strategy. He argued that the oil market should be left to rebalance itself at lower price levels, strategically rebuilding OPEC's long-term market share by ending the profitability of high-cost US shale oil production.[10] Naimi completed his service as oil minister in May 2016, as deputy crown prince Mohammed bin Salman took on a stronger role in Saudi oil policy.[3]

Other positions[edit]

Naimi is chairman of the board of the King Abdullah University of Science and Technology (KAUST).[6]

Recognition[edit]

Ali received an honorary degree from Seoul National University and there is an A. I. Naimi Road at S-Oil's Onsan refining complex.[4]:171-172

Naimi was named one of the most influential people in the world by TIME magazine in 2008.[6] In 2011, he was included in the inaugural 50 Most Influential ranking by Bloomberg Markets magazine.[11] His autobiography was published in November 2016.[12]

Al-Naimi's shares the secret of his success in his autobiography:

"Hard work, good fortune, and making the boss look good."[4]:xvi,192

King Salman named Al-Naimi adviser to the Royal Court.[4]:290

References[edit]

  1. ^ "Powerful People: #50 Ali Al-Naimi". Forbes. Archived from the original on 5 January 2015.
  2. ^ "Press Background Information" (PDF). OPEC. 4 December 2013. p. 12. Retrieved 27 February 2017.
  3. ^ a b "Saudi Arabia just fired its oil minister". CNN. 8 May 2016. Retrieved 27 February 2017.
  4. ^ a b c d e f g h i j Al-Naimi, Ali (2016). Out of the Desert. Great Britain: Portfolio Penguin. pp. xv, 5, 7, 10–11. ISBN 9780241279250.
  5. ^ a b "Ali Ibrahim Al Na'imi". APS Review Oil Market Trends. Arab Press Service. 24 October 2011. Retrieved 27 March 2013.
  6. ^ a b c "Saudi Minister of Petroleum and Mineral Resources Ali Al-Naimi to speak at commencement". Lehigh University. 8 May 2012. Retrieved 27 February 2017.
  7. ^ "Minister of Petroleum and Mineral Resources". SAMIRAD. Retrieved 28 August 2012.
  8. ^ "Honorary Graduates" (PDF). Heriot-Watt University. Retrieved 27 February 2017.
  9. ^ "Saudi considers Naimi's successor as oil minister". Reuters. 10 December 2010. Retrieved 6 March 2013.
  10. ^ "Inside OPEC room, Naimi declares price war on US shale oil". Reuters. 28 November 2014. Retrieved 12 April 2016.
  11. ^ "The 50 Most Influential People in Global Finance". Bloomberg Markets. 7 September 2011. Archived from the original on 16 July 2012. Retrieved 14 October 2012.
  12. ^ Al-Naimi, Ali (2016). Out of the Desert: My Journey From Nomadic Bedouin to the Heart of Global Oil. Penguin. ISBN 978-0241279250.