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SAUDI ARABIA - The Board Of Saudi Aramco.

This company's board of directors has 10 members, some of whom were appointed in late February 1996:

1. Minister Naimi, as chairman. The boards' meeting can be held at the chairman's request, when necessary, or upon the recommendation of more than half of the board's members.

2. Abdullah Jum'ah, president of Saudi Aramco.

3. Sadad Husseini, exec. vice president (EVP) for E&P (then new).

4. Abdel Aziz Al Hokail, EVP for manufacturing operations (retained).

5. Harold Haynes, former chairman of Chevron (retained since 1989).

6. Clinton Garvin, former chairman of Exxon (retained since 1989).

7. Rodney Wagner, of Morgan Guaranty (retained since 1989).

8. Commerce Minister Osama Al Faqih (then new).

9. State Minister Musaed Al Ayban (then new).

10. Rector of King Fahd University of Petroleum & Minerals Abdel Aziz Al Dakheel (then new).

Nabil Al Bassam resigned as EVP for finance and industrial relations in November 1998 and his division was dissolved subsequently. The functions of this unit were taken up by the relevant units among the remaining divisions.

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".

Production Operations, under EVP Sadad Husseini, is in charge of the entire upstream sector from E&P and development to the producing areas for oil and gas. It is also in charge of the upstream gas plants of the Master Gas System (MGS) at Shedgum, Uthmaniyah and Berri and two such plants being built at Hawiyah and Haradth. In addition, the MGS is to have one such plant built every five years under a plant to the 2020s.

Manufacturing, Supply and Transportation, under EVP Abdel Aziz Al Hokail, is in charge of the downstream operations, the MGS' downstream gas fractionation plants at Juaymah and Yanbu', the domestic refineries and distribution systems and their infrastructure and logistics, and the Ras Tanura refinery. The Refining and Distribution Dept., under Ali Saleh, reports directly to Hokail.

International Operations, under SVP 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 Samref and Sasref, Vela Int'l Marine, and the Houston-based Aramco Services Co. Ashgar reports directly to Jum'ah. But he sits on the boards of Samref and Sasref, while his aides sit on the boards of Saudi Aramco's overseas JVs. Before becoming president, Jum'ah used to head International Operations.

The Engineering & Operations Services Dept., under SVP Abdullah Al Ghanem, 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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Comment:SAUDI ARABIA - The Board Of Saudi Aramco.
Publication:APS Review Gas Market Trends
Geographic Code:7SAUD
Date:Nov 29, 1999
Words:586
Previous Article:SAUDI ARABIA - Profile - Abdullah Saleh Al Jum'ah.
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