Middle East News 247

Aramco reshuffles top management, with new focus on portfolio

Saudi Aramco reshuffled its senior management, putting a top executive in charge of “portfolio optimization,” as the world’s biggest oil producer adjusts to low crude prices.

Aramco appointed senior vice president Abdulaziz Al Gudaimi to head up the new department that will “assess existing assets” and boost access to growth markets, it said in a statement.

He previously ran Aramco’s downstream business. It also named Nasir Al Naimi as…

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