Saudi Arabia Government Overhaul Sees Oil Minister Removed

Monday, 09 May 2016 - 15:31

Saudi+Arabia+Government+Overhaul+Sees+Oil+Minister+Removed

Saudi Arabia's King Salman has removed the country's veteran oil minister as part of a broad government overhaul.

Ali al-Naimi has been replaced after more than 20 years in the role by former health minister Khaled al-Falih.

Saudi Arabia, the world's largest crude exporter, unveiled major economic reforms in April, aimed at ending the country's dependence on oil.

About 70% of its revenues came from oil last year, but it has been hit hard by falling prices.

The government shake-up, announced in a royal decree, sees a number of ministries merged and others, such as the ministry of electricity and water, scrapped altogether.

A public body for entertainment is being created, and another for culture.

King Salman's son Prince Mohammad directs the country's economic policy, and Mr al-Naimi's removal is an indication that he wants tighter control over the commodity, foreign media reports.



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