Posted inPower List Oil & Gas Middle East Power 50 2019

Khalid Al-Falih

Khalid Al-Falih,Chairman,Saudi Aramco, Minister of Energy, Industry and Resources - KSA

Khalid Al-Falih
KSA energy minister rejects claims that nation would ditch dollar oil trading in response to NOPEC

It is unusual to feature two high-ranking members from the same company, but as the face of Saudi oil and gas production, and of Opec+, Khalid Al-Falih has earned his spot on this list.

As one of the most resonant voices among Opec+, Al-Falih has protected its decision to cut production by 1.2mn bpd (much to President Donald Trump’s dismay) and has repeatedly noted its purpose is to maintain balance between supply and demand in the global market. Al-Falih recently announced the discovery of vast quantities of gas in the Red Sea, relatively new territory for the oil and gas titan. On more familiar territory, Al-Falih has said that production in the Neutral Zone, shared with Kuwait, could restart this year.

Even as Saudi Arabia reins in its production to adhere to the agreement struck by Opec+, the nation’s ambitions lie far beyond its vast resources, and it is eyeing long term growth. Al-Falih was quoted as saying that “going forward, the world is going to be Saudi Aramco’s playground.” And what an interesting playground it would be.

Staff Writer

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