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SAUDI ARABIA - Profile - The Board Of Saudi Aramco.

This company's board of directors has 10 members, some of whom were appointed in late February 1996. They include Minister Naimi and Jum'ah. The others are: Sadad Husseini, exec. vice president (EVP) for E&P (then new); Abdel Aziz Al Hokail, EVP for manufacturing operations (retained). Harold Haynes, former chairman of Chevron (retained since 1989); Clinton Garvin, former chairman of Exxon (retained since 1989); Rodney Wagner, of Morgan Guaranty (retained since 1989); Commerce Minister Osama Al Faqih (then new); State Minister Musaed Al Ayban (then new); Rector of King Fahd University of Petroleum & Minerals Abdel Aziz Al akheel (then new).

Attached to the board of director are executive commissions. These are formed on ad hoc basis, especially when the board needs additional studies concerning major projects or a big overseas acquisition. Such a committee is formed also to study major problems or disputes. Saudi Aramco now is structured into four divisions, reduced from seven in 1993 and from five in late 1998.

These are known as "business centres", and include: (1) Production Operations, under EVP Sadad Husseini, in charge of the entire upstream sector from E&P and development to the producing areas for oil and gas; (2) Manufacturing, Supply and Transportation, under EVP Abdel Aziz Al Hokail, in charge of the downstream operations and internal logistics; (3) International Operations, under senior VP Saud Al Ashgar, is in charge of crude oil and products marketing and exports, all of the company's overseas ventures, the local export refineries and export logistics; and (4) the Engineering & Operations Services Dept., under SVP Abdullah Al Ghanem, which reports directly to Jum'ah rather than to EVP Hokail.

On Nov. 2, 1996, Saudi Aramco's board elected five new VPs: Abdel Aziz Al Khayyal, for employee relations & training, who till then was executive director for crude oil/products sales & marketing; Ibrahim Al Mishari; Fuad Saleh; Dhaifallah Al Otaibi; and Abdel Rahman Al Wutaib. In December 1996, Saleh Al Kaki was made executive director for crude oil/products sales and marketing, to succeed Khayyal. Abdullah Al Samari was made CEO of Vela Int'l, to succeed Otaibi. Khalid Al Faleh was in April 1999 elected president of the board of Philippine refiner Petron, replacing Ali Al Ajmi who has since remained a board member. Saud Bukhari in Sept. 1998 replaced Chang Chong Tian as regional VP of Saudi Petroleum Singapore.
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Publication:APS Diplomat Operations in Oil Diplomacy
Article Type:Brief Article
Geographic Code:7SAUD
Date:Nov 27, 2000
Words:391
Previous Article:SAUDI ARABIA - Profile - Abdullah Saleh Al Jum'ah.
Next Article:SAUDI ARABIA - Profile - Sadad Ibrahim Al Husseini.
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