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New Saudi energy minister was longtime Aramco chief

Khalid al-Falih,newly appointed oil minister is pictured on January 25, 2016, in the capital RiyadhKhaled al-Falih, named by King Salman on Saturday to head a super ministry of energy, industry and mineral resources, was the longtime chief of state oil giant Saudi Aramco. From 2009, he was Aramco’s president and chief executive officer, in charge of about 60,000 employees at the firm which produces roughly one in every eight barrels of the world’s oil supply. In May last year, Salman tapped Falih to become health minister as part of an earlier government shuffle, but he also stayed on with Aramco as chairman during a dramatic global decline in oil prices which left Saudi Arabia with a record budget deficit last year.

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