Saudi Aramco has named Nasir K. Al-Naimi as President of its Upstream enterprise and Mohammed Y. Al Qahtani as President of its Downstream enterprise.
Together with Aramco’s Govt Vice Presidents, each report back to the corporate’s president and CEO. The newly created positions and appointments, accepted by the board of administrators, can be efficient from July 1, 2023, and can exchange the earlier Upstream and Downstream Govt Vice President positions respectively, Aramco mentioned in an organization assertion.
Aramco famous that these appointments will assist drive the corporate’s long-term technique throughout its international portfolio and worth chain.
“I’m delighted to announce these appointments, which exhibit our emphasis on the upstream and downstream elements of our enterprise as Aramco continues to rework to fulfill the world’s power demand,” Amin H. Nasser, Aramco President and CEO, mentioned.
“We count on this choice to assist drive operational and monetary efficiency, supporting our upstream capability development and our downstream growth, along with our ambition to attain net-zero Scope 1 and Scope 2 greenhouse gasoline emissions throughout wholly-owned operated property by 2050,” he added.
“We proceed to establish methods to additional optimize and innovate throughout the Aramco group, and I’m assured these newly created roles will assist us ship on our goals,” Nasser continued.
Al-Naimi has held the place of Upstream Govt Vice President since April 1, 2021. He joined the corporate in 1980 as an engineering aide within the Planning & Administration Providers Division, and has held quite a lot of positions by way of the years.
Al Qahtani has served as Aramco’s Downstream Govt Vice President since September 13, 2020, and along with main the Downstream group, Al Qahtani serves as chairman of Aramco Buying and selling Firm, Motiva Enterprises, Saudi Aramco Jubail Refinery Firm, and the King Salman Power Metropolis Growth Firm. He’s additionally a board member of Saudi Arabian Mining Firm (Ma’aden), S-Oil Company, Dhahran Techno Valley Holding Firm, Gulf Petrochemicals and Chemical compounds Affiliation, in addition to Pengerang Refining Firm Sdn Bhd and Pengerang Petrochemical Sdn Bhd (collectively referred to as PRefChem).
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