Aramco appoints presidents of Upstream and Downstream units
Saudi Aramco has appointed Nasir K. Al-Naimi as president of its Upstream business, and Mohammed Y. Al Qahtani as president of its Downstream business.
Both will report, along with Aramco’s executive vice presidents to the company’s president and chief executive officer (CEO), Amin H. Nasser.
The newly created positions and appointments, approved by the Board of Directors, will be effective from July 1, 2023 and will replace the previous Upstream and Downstream executive vice president positions respectively.
These appointments will help drive Saudi Aramco’s long-term strategy across its global portfolio and value chain.
“I am delighted to announce these appointments, which demonstrate our emphasis on the upstream and downstream components of our business as Aramco continues to transform to meet the world’s energy demand. We expect this decision to help drive operational and financial performance, supporting our upstream capacity growth and our downstream expansion, together with our ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across wholly-owned operated assets by 2050. We continue to identify ways to further optimise and innovate across the Aramco group, and I am confident these newly created roles will help us deliver on our objectives,” said Nasser.
Al-Naimi has held the position of Upstream executive vice president since April 1, 2021. Al Qahtani has served as Aramco’s Downstream executive vice president since September 13, 2020.