Ali Al-Naimi
Encyclopedia
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 1957 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.
World Energy Magazine - The Growing Role of National Oil Companies in Saudi Arabia
World Energy Magazine - The Global Energy Market and U.S.-Saudi Petroleum Relations
Saudi Aramco
Saudi Aramco , officially the Saudi Arabian Oil Company, is the national oil company of Saudi Arabia.Saudi Aramco is the world's largest and most valuable privately-held company, with estimates of its value in 2011 to be $7 trillion USD.Saudi Aramco has both the largest proven crude oil reserves,...
as a young man and was educated in the United States at Lehigh University
Lehigh University
Lehigh University is a private, co-educational university located in Bethlehem, Pennsylvania, in the Lehigh Valley region of the United States. It was established in 1865 by Asa Packer as a four-year technical school, but has grown to include studies in a wide variety of disciplines...
under the company's educational program. He later earned his Master's Degree in Geology at Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
. After joining Aramco in 1957 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
Abdullah S. Jum'ah
Abdallah S. Jum'ah was the VP of Saudi Aramco, the world's largest oil company until the end of 2008. In 1995, he succeeded Ali Al-Naimi, the first Saudi to ever become the president of the Saudi newly government acquired, Aramco. He joined the company in 1968 and was appointed V-president in...
as a President and CEO of Aramco. Al-Naimi remains the Chairman of the company until today.
Articles by Al-Naimi
World Energy Magazine - From Technology to Transparency: The Future of Saudi OilWorld Energy Magazine - The Growing Role of National Oil Companies in Saudi Arabia
World Energy Magazine - The Global Energy Market and U.S.-Saudi Petroleum Relations
Quotes
- "It would be incorrect to say that the history of U.S.-Saudi relations is only about oil. The relationship between our two countries is more complex and extensive than that and examples of cooperation in areas of mutual benefit are numerous."
- "We believe that stability in world oil markets depends on having adequate spare production capacity for maintaining balance in the market. Saudi Arabia is committed to provide a major portion of the world's spare capacity."
- "I am quite optimistic about the future. Will there be challenges to overcome? My answer is yes. There are always challenges. Are we up to the task? Most certainly."
- "We work at it day in and day out, investing huge sums in the latest technologies, searching the world for the best talent, and then continuously training our workforce to meet the challenges of the new millennium."