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Saudi oil minister sacked in government shake-up

Saudi oil minister Ali al-Naimi was one of the most powerful figures within OPECSaudi King Salman replaced his long-serving oil minister on Saturday as part of a major government overhaul which comes as the kingdom grapples with a slump in energy revenues. The revamp follows last month’s announcement of an ambitious plan to transform Saudi Arabia’s economy to reduce its dependence on oil. Ali al-Naimi, who held the post of oil minister for more than two decades, was one of the most powerful figures within the OPEC oil cartel.

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