Hirunews Logo
HiruNews
HiruNews
HiruNews
Saudi+Arabia+Government+Overhaul+Sees+Oil+Minister+Removed
Monday, 09 May 2016 - 15:31
Saudi Arabia Government Overhaul Sees Oil Minister Removed
8

Shares
1,058

Views

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.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
You may also like :
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
116 Views
HiruNews
HiruNews
HiruNews
1,255 Views
HiruNews
HiruNews
HiruNews
6,773 Views
HiruNews
HiruNews
HiruNews
17,032 Views
HiruNews
HiruNews
HiruNews
104 Views
HiruNews
HiruNews
HiruNews
45,445 Views
Top