2000 News Story

New committee for oil and gas negotiations

The composition was announced today of the committee for negotiating with foreign investors in the area of oil and gas. The members are as follows: Dr. Fahd Al-Mubarak, of the Consultative Council (Majlis Al-Shura); Mohammed Bin Suleiman Al-Jasser, Deputy Governor of the Saudi Arabian Monetary Agency (SAMA); Dr. Sadad Al-Husseini, Vice President of Saudi Aramco; Mohammed Yousef Rafee, Vice President of Saudi Aramco, member with responsibility for technical affairs; Dr. Saud Bin Abdullah Al-Ammari, legal advisor at the Ministry of Petroleum and Mineral Resources, member with responsibility for legal affairs; and Dr. Abdel-Rahman Bin Salih Al-Suheibani, legal advisor at the Royal Court, member with responsibility for liaison between the international petroleum companies and the relevant government authorities.
The Committee's Chairman, Foreign Minister Prince Saud Al-Faisal, will supervise the negotiations, convey to the Committee the directives of the Supreme Council for Petroleum and Minerals, and brief the Council on the Committee's progress. Prince Saud Al-Faisal will also sign contracts with financial, legal and technical advisors to assist the committee.