New Saudi Supreme Petroleum Council Established; Aramco Assigned Exclusive Role In Oil And Gas Upstream
A Royal Edict issued on 4 January established a Supreme Council for Petroleum and Mineral Affairs for Saudi Arabia to be chaired by King Fahd. The move represents a significant step in the ongoing restructuring of the management of the Kingdoms economy. The Council will control and direct all aspects of Saudi Arabias oil, gas and minerals industry,...
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