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Saudi Arabia's Aramco Creates New Positions for Upstream, Downstream Businesses

A Saudi Aramco sign is pictured at an oil facility in Abqaiq, Saudi Arabia, Oct. 12, 2019. (Reuters Photo)
A Saudi Aramco sign is pictured at an oil facility in Abqaiq, Saudi Arabia, Oct. 12, 2019. (Reuters Photo)
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Saudi Arabia's Aramco Creates New Positions for Upstream, Downstream Businesses

A Saudi Aramco sign is pictured at an oil facility in Abqaiq, Saudi Arabia, Oct. 12, 2019. (Reuters Photo)
A Saudi Aramco sign is pictured at an oil facility in Abqaiq, Saudi Arabia, Oct. 12, 2019. (Reuters Photo)

Saudi Arabian oil giant Aramco on Thursday named Nasir Al-Naimi as president of its upstream business and Mohammed Al-Qahtani as president of its downstream business.

The state oil company said the newly created positions and appointments, which have been approved by the board, will be effective from July 1.

It also said that the board approved the positions as part of the company’s transition to meet the global energy needs.

Aramco listed on the Saudi bourse in late 2019, raising $25.6 billion in its IPO and later sold more shares to raise the total to $29.4 billion.

 

 

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‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam

‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam
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‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam

‘Powering the Future Toward Net Zero’ Forum Starts Sunday in Dammam

The International Forum "Powering the Future Toward Net Zero", organized by the Gulf Cooperation Council Interconnection Authority (GCCIA) in collaboration with the Electric Power Research Institute (EPRI), GO15, and Med-TSO in Al Khobar, will be held in Dammam on October 27 under the patronage of Governor of the Eastern region Prince Saud bin Nayef bin Abdulaziz.
GCCIA CEO Eng. Ahmed Al Ebrahim stressed that the main sessions of the two-day forum will discuss the energy sector's strategy to achieve net-zero emissions and accelerate decarbonization efforts through global collaboration and innovation, SPA reported.
He pointed out that discussions will revolve around enhancing the regional grid to enable a reliable, affordable, and zero-emissions future. They will also highlight the role of a strong regional grid infrastructure in achieving net-zero emissions targets, showcase grid improvement technologies, and explore modern technologies, advanced planning, and operational capabilities necessary to enhance grid resilience, affordability, and market shifts essential for supporting the energy transition.
Discussions at the forum will also cover emerging technologies in AI, grid operations, and planning.
Al Ebrahim said that a variety of discussions led by experts from GCCIA, GO15, Med-TSO, and EPRI, and covering critical topics such as grid planning, market reforms, the role of AI in grid operations, and the deployment and enhancement of grid technologies will also be held during the forum.
He added that CEOs, advisors, and government representatives from the GCC, North America, Europe, and Asia will provide unique perspectives in the course of discussions, ensuring a comprehensive exploration of strategies to enable a reliable and sustainable energy transition.