King Abdullah, Custodian of the Two Holy Mosques, has ordered the reconstitution of the board of directors of Saudi Aramco for a period of three years effective from Aug. 25 corresponding to Ramadan 15, 1431, reported the Saudi Press Agency (SPA) Saturday. Minister of Petroleum and Mineral Resources Ali Bin Ibrahim Al-Naimi will continue to be the chairman of the 12-member board. The two new members are David J. O'Reilly, former chairman and chief executive of US oil firm Chevron, and Amin Nasser, Saudi Aramco's vice president for exploration and production. Other members who retain their positions are: u Ibrahim Al-Assaf, Finance Minister u Mohammed I. Al-Suwaiyel, President of the King Abdul Aziz City for Science And Technology u Abdul Rahman A. Al-Tuwaijri, Chairman of the Capital Markets Authority (CMA) u Khaled S. Al-Sultan, Rector and Chief Executive of the King Fahd University of Petroleum & Minerals (KFUPM) u Khalid A. Al-Falih, Chief Executive Officer of Saudi Aramco u Abdulaziz F. Al-Khayyal, Senior Vice President of Industrial Relations at Saudi Aramco u Salim S. Al-Aydh, Senior Vice President of Engineering and Project Management at Saudi Aramco u Sir Mark Moody-Stuart, a former chairman of Royal Dutch Shell u Peter Woicke, former executive vice president of the International Finance Corporation (IFC) and managing director of the World Bank. Saudi Aramco is the largest oil corporation in the world with the largest proven crude oil reserves and production. It also operates the world's largest single hydrocarbon network, the Master Gas System. Among the oil fields fully owned by the company is the Ghawar Field, the world's largest; the Safaniya Field, the world's largest offshore field; and the Shaybah Field, one of the world's largest.
