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
Monarch King Fahd
King Abdullah
King Salman
Preceded by Hisham Nazer
Succeeded by Khalid A. Al-Falih
President and CEO, Saudi Aramco
In office
1983–1995
Preceded by John Jacob Kelberer
Succeeded by Abdallah S. Jum'ah
Personal details
Born 1935 (age 80–81)
Dhahran, Saudi Arabia
Nationality Saudi Arabian
Children Reem, Rami, Nada and Mohammad
Residence Dhahran, Saudi Arabia[1]
Alma mater Lehigh University
Stanford University
Religion Islam

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

Early life and education[edit]

Naimi was born in 1935 in ar-Rakah in the Eastern Province.[3] He joined Saudi Aramco in 1947. Under the training programs of Aramco, he studied at International College, Beirut and the American University of Beirut,[4] before going to Lehigh University in the United States. He obtained a bachelor of science in geology in 1962.[2][5] He later earned his masters of science in hydrology and economic geology at Stanford University.[2][5]

Career[edit]

After graduation, Naimi rejoined Aramco in 1957. He became the supervisor for the Abqaiq production department in 1969. He was promoted to assistant director and then director of production in the Northern Borders Region (1972–1975). He became vice-president of production affairs in 1975. He was appointed vice president of petroleum affairs in 1978. 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.[2] He was named president of Saudi Aramco in 1983, being the first Saudi to hold that position. Later, after combining the presidency and chief executive position, he was appointed to each of these roles separately.

He became the minister of petroleum and mineral resources on 2 August 1995, replacing Hisham Nazer.[2][4][6] Naimi was succeeded by Abdullah S. Jum'ah as president and CEO of Aramco.

Also in 1995 Naimi received an Honorary Doctorate from Heriot-Watt University[7]

In December 2010, the Saudi Supreme Petroleum Council, chaired by King Abdullah, asked Naimi to nominate candidates to succeed him as oil minister.[8]

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.[9]

Other positions[edit]

Naimi is chairman of the board of the King Abdullah University of Science and Technology (KAUST).[5]

Recognition[edit]

Naimi was named one of the most influential people in the world by TIME magazine in 2008.[5] In 2011, he was included in the 50 Most Influential ranking of Bloomberg Markets Magazine.[10]

References[edit]

  1. ^ "Powerful People: #50 Ali Al-Naimi". Forbes. Archived from the original on 5 January 2015. Retrieved 5 January 2015. 
  2. ^ a b c d e "Minister of Petroleum and Mineral Resources". SAMIRAD. Retrieved 28 August 2012. 
  3. ^ "Ali Ibrahim Al Na'imi". APS Review Oil Market Trends. 24 October 2011. Retrieved 27 March 2013. 
  4. ^ a b "Ali bin Ibrahim Al Naimi". SAGIA. Retrieved 28 August 2012. 
  5. ^ a b c d "Saudi Minister of Petroleum and Mineral Resources Ali Al Naimi to speak at commencement". Lehigh University. Retrieved 28 August 2012. 
  6. ^ The Middle East and North Africa 2003. Taylor & Francis. 22 November 2002. p. 950. ISBN 978-1-85743-132-2. Retrieved 1 September 2012. 
  7. ^ "Honorary Graduates". Heriot-Watt University. Retrieved 4 April 2016. 
  8. ^ "Saudi considers Naimi's successor as oil minister". Reuters. 10 December 2010. Retrieved 6 March 2013. 
  9. ^ "Inside OPEC room, Naimi declares price war on US shale oil". Reuters. 28 November 2014. Retrieved 12 April 2016. 
  10. ^ "The 50 Most Influential People in Global Finance". Bloomberg. Retrieved 14 October 2012.