ABU DHABI - Obaid Bin Saif Al Nasseri.

The UAE Oil Minister, Al Nasseri had also built up his career at ADIA like ADNOC's CEO Yusuf Bin Omeir and other federal officials, and is a member of the SPC's Consultative Committee. Generally, SPC decisions are balanced between proposals made by ADNOC or the crown prince's office and amendments or objections by ADIA. Nasseri tries to co-ordinate petroleum policies among the seven emirates of the federation. But in OPEC or OAPEC meetings, he actually represents the emirate of Abu Dhabi. On the federal level, he is nominally in charge of the domestic petroleum market. The Dubai-based federal entity Emirates General Petroleum Corp. (EGPC) is under his ministry. He became oil minister after a federal cabinet reshuffle in late March 1997, succeeding Rakad Bin Salem Bin Rakad who had been acting oil minister since June 1995.

Shaikh Ahmad Bin Zayed Al Nahyan, in his 20s, is the head of ADIA. In this key position he has succeeded Mohammed Habroush Al Suwaidi, who is now an advisor to the Finance Department (local ministry). Shaikh Ahmad's deputy is Khalifa Al Kindi. (See detailed profiles of key figures in the oil sector in APS Review's Oil Market Trends, Gas Market Trends and Downstream Trends Vol.56, No.1).