Saudi Aramco has appointed Nasir K. Al-Naimi as president of its Upstream business and Mohammed Y. Al Qahtani as president of its Downstream business.
Along with Aramco’s executive vice presidents, both report to the company’s president and CEO. The newly created positions and appointments, approved by the board of directors, will be effective from July 1, 2023 and will replace the previous positions of Executive Vice President Upstream and Downstream respectively, Aramco said in a company statement .
Aramco noted that these appointments will help drive the company’s long-term strategy across its global portfolio and value chain.
“I am delighted to announce these appointments, which demonstrate our emphasis on the upstream and downstream components of our business as Aramco continues to transform to meet global energy demand,” said Amin H. Nasser, Chairman and CEO of Aramco.
“We expect this decision to help drive operational and financial performance, supporting our upstream capacity growth and downstream expansion, alongside our ambition to achieve net zero greenhouse gas emissions by scope 1 and scope 2 on 100% operated assets by 2050”. added.
“We continue to identify ways to further optimize and innovate across the Aramco Group, and I am confident that these newly created positions will help us achieve our goals,” continued Nasser.
Al-Naimi has served as Upstream’s executive vice president since April 1, 2021. He joined the company in 1980 as an engineering assistant in the planning and administration services division and has held various positions over the years.
Al Qahtani has served as Executive Vice President of Aramco since September 13, 2020, and in addition to leading the Downstream organization, Al Qahtani serves as Chairman of Aramco Trading Company, Motiva Enterprises, Saudi Aramco Jubail Refinery Company and King Salman Energy City. Development company. He is also a member of the board of directors of Saudi Arabian Mining Company (Ma’aden), S-Oil Corporation, Dhahran Techno Valley Holding Company, Gulf Petrochemicals and Chemicals Association, as well as Pengerang Refining Company Sdn Bhd and Pengerang Petrochemical Sdn Bhd (known as ·lectively). as in PREfChem).
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