Saudi Aramco appoints new senior vice president for downstream operations

Saudi Aramco appoints new senior vice president for downstream operations
Published: 16 May 2017 - 5 a.m.
By: Reuters

Saudi Aramco has appointed a new senior vice president for downstream operations, a company statement said, while an industry source said other vice presidents were also appointed at a board meeting last week.

Abdulaziz al-Judaimi was named as senior vice president for downstream operations, Saudi Arabia's state oil giant said on its Twitter account on Sunday, after the board met last week in Shanghai to discuss the company's plans.

Downstream covers refining and chemicals, a key area in the company's goal of diversifying operations as it prepares for an initial public offering (IPO) next year, when up to 5 percent of the firm is expected to be listed in Riyadh and on other international bourses.

Judaimi has been acting head of downstream for several months and is chairman of PetroRabigh, a refining and petrochemicals venture between Aramco and Sumitomo Chemical.

The industry source, citing an internal memo that was also seen by Reuters, said Nabeel al-Mansour was appointed to the post titled Senior Vice President, General Counsel and Secretary.

Other newly appointed vice presidents were Abdullah Baiz, Abdullah al-Ghamdi, Ahmad al-Khowaiter, Yasser Mufti, Abdul Hameed al-Rushaid and Yousef al-Ulyan, according to the memo which did not give details about their responsibilities.

The source said Yasser Mufti was named vice president of corporate planning, while Ahmad al-Khowaiter remained chief technology officer but now held the title of vice president.

Abdullah al-Ghamdi was appointed vice president of gas operations, while Abdul Hameed al-Rushaid was named vice president of drilling, the source said.

Yousef al-Ulyan is vice president of information technology, and Abdullah al-Baiz vice president of engineering services, the source added.

The memo, signed by Aramco Chief Executive Amin Nasser on May 14, said the appointments were effective from May 1.

In an emailed response to Reuters, Saudi Aramco confirmed the appointment of Judaimi but did not offer further comment in response to queries about the other appointments.

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