Khalid A. Al-Falih
Khalid A. Al-Falih, (Arabic: خالد الفالح Ḫālid al-Fāliḥ born 1960) was the Minister of Energy of Saudi Arabia and chairman of Saudi Aramco. He has previously served as the Saudi Arabian Health Minister and Aramco's CEO.
Khalid A. Al-Falih
|Minister of Energy, Industry and Mineral Resources|
7 May 2016 – 8 September 2019
|Preceded by||Ali Al-Naimi|
|Succeeded by||Abdulaziz bin Salman|
|Chairman of the Board of Saudi Aramco|
29 April 2015 – 2 September 2019
|Preceded by||Ali Al-Naimi|
|Succeeded by||Yasir Al-Rumayyan|
|Minister of Health|
29 April 2015 – 7 May 2016
|Preceded by||Ahmed Khatib|
|Succeeded by||Tawfiq Al Rabiah|
|President and Chief Executive Officer of Saudi Aramco|
1 January 2009 – 28 April 2015
|Preceded by||Abdullah S. Jum'ah|
|Succeeded by||Amin H. Al-Nasser|
|Born||1960 (age 58–59)|
Riyadh, Saudi Arabia
|Residence||Dhahran, Saudi Arabia|
King Fahd University of Petroleum and Minerals
Early life and educationEdit
Al-Falih was born in 1960 in Dammam, Saudi Arabia, where he was also raised. He attended King Fahad university, earning a bachelor's degree in mechanical engineering in 1982, and later pursued an MBA at the King Fahd University of Petroleum and Minerals, which he completed in 1991.
Early years at Aramco: 1979–2008Edit
Al-Falih joined Saudi Aramco (formerly, Aramco) in 1979. For over several years, he held positions of increasing responsibility and in 1992, he joined the Consulting Services Department (CSD). He supervised several technical units, mainly the Mechanical and Civil Systems Division and was named manager of CSD in January 1995. He was assigned as manager, Ras Tanura Refinery Maintenance Department in late 1995; and by 1998; manager, Business Analysis Department.
In July 1999, Al-Falih became president of Petron Corporation, a joint venture between Saudi Aramco and the Philippine National Oil Company. He returned to the Kingdom in September 2000 to serve as vice chairman on the Saudi Aramco Study Team for Upstream Gas Ventures, until his appointment as vice president of Gas Ventures Development and Coordination in May 2001. He played an instrumental role in the negotiations with the international oil companies (IOCs) & other major national oil companies (NOCs) in connection with the Kingdom's Natural Gas Initiative. Ultimately, four joint ventures, namely - South Rub' al-Khali Company (SRAK), Luksar Energy, Sino Saudi Gas & EniRepSa Gas  were consummated between Saudi Aramco and various leading IOCs, Nocs and emerging oil companies.
In October 2004, Al-Falih was appointed to the Board of Directors of Saudi Aramco. He also served as chairman of the board of the South Rub' al-Khali joint venture between Shell, Total and Saudi Aramco.
CEO of Saudi Aramco: 2009–2015Edit
In Nov 2008, Abdallah S. Jum'ah, then president and CEO of Saudi Aramco, retired and Khalid A. Al-Falih, who was serving as Aramco's executive vice president of operations, was appointed as the new president and CEO of the company, effective January 1, 2009.
As Saudi Aramco’s CEO, Falih headed the Manifa project, an oil field located in a bay along the coast of the Persian Gulf. The project includes 27 man-made islands connected by 25 miles of causeways. Upon its launch, it produced 500,000 barrels of crude oil per day.
Minister of Energy, Industry and Mineral Resources 2016–2019Edit
The global oil economy caused prices to fluctuate dramatically, from a peak of almost $108 in June 2014 to $26 per barrel in February 2016, the lowest point since 2003. In May 2016, Al-Falih was appointed Minister of Energy, Industry and Mineral Resources, replacing outgoing Ali al-Naimi. The national plan Vision 2030 announced in April 2016 is designed to reduce the Kingdom’s dependence on oil revenue, a new direction which affected the makeup of Saudi ministries. In the royal decree announcing the appointment of Al-Falih, the former Petroleum Ministry was renamed "Ministry of Energy, Industry and Mineral Resources," incorporating also the Ministry of Electricity. Al-Falih also holds the position of chairman of the Board of Directors of Aramco, whose CEO is Amin H. Nasser.
The oil crash caused OPEC countries to react by diminishing production, the organization’s first cut in eight years. Minister Al-Falih urged fellow OPEC member countries to stop exceeding their output targets, and met with Venezuelan and Kazakh counterparts in August 2017 in order to extend the deal of cutting production until March 2018, by at least three more months.
In the early hours of September 8, 2019, through a royal decree issued by King Salman, Al-Falih was relieved of his duties as the Energy minister. He was replaced by Prince Abdulaziz bin Salman, the king's elder son.
Public life and board membershipsEdit
Al-Falih is active in many social programs. He has served as chairman of the Dammam City Municipal Council. His board memberships in other community-focused organizations include the Technical and Vocational Training Corporation, the Prince Sultan bin Abdulaziz Fund for Supporting Small Business Projects for Women, and the Eastern Province Society for the Handicapped.
Al-Falih is a founding member of King Abdullah University of Science and Technology and serves as a member of its Board of Trustees. He sits on the Board of Directors of the U.S.-Saudi Arabian Business Council and previously served as a member of the JP Morgan International Council.
Khalid Al-Falih was listed on the Forbes Most Powerful People for 2016. Forbes' annual ranking of The World’s Most Powerful People identifies one person out of every 100 million whose actions mean the most. 
Khalid Al-Falih received the Distinguished Alumnus Award in 2013 from Texas A & M University. Established in 1962, the Distinguished Alumnus Award is the highest honor bestowed upon a former student of Texas A&M University. Since its inception, 225 individuals have been recognized for their significant contributions to their professions, Texas A&M University and their local communities. 
Khalid Al-Falih received the Petroleum Executive of the Year Award 2016 from Energy Intelligence. The Petroleum Executive of the Year award is the international energy industry’s most prestigious award given in recognition of outstanding leadership by an executive in the international energy industry. 
- Riley, Charles; John Defterios (8 May 2016). "Saudi Arabia just fired its oil minister". CNNMoneyInvest. Archived from the original on 30 March 2017.
- John Defterios (9 May 2016). "The most powerful man in oil is out". CNN Money. Archived from the original on 9 May 2016.
- "السيرة الذاتية لـ "خالد بن عبدالعزيز الفالح" وزير الصحة السعودي الجديد". Argaam.com (in Arabic). 29 April 2017.
- "Khalid A. Al-Falih on ameinfo.com". Archived from the original on 24 July 2009. Cite uses deprecated parameter
- "Khalid A. Al-Falih - weforum.org". Archived from the original on 22 May 2012. Cite uses deprecated parameter
- "globalbusinessleaders.org". globalbusinessleaders.org.[permanent dead link]
- "Page not found". Saudi Aramco. Archived from the original on 2 March 2014. Retrieved 9 May 2016. Cite uses deprecated parameter
- "Saudi Aramco Upstream Gas joint ventures". Archived from the original on 9 January 2012. Cite uses deprecated parameter
- Wael Mahdi (6 June 2011). "Saudi Aramco Ventures Continue Gas Exploration in Saudi Desert". Bloomberg.com. Archived from the original on 13 September 2014. Retrieved 9 May 2016. Cite uses deprecated parameter
- Wael Mahdi (11 September 2011). "Aramco, Shell Appoint CEO for Gas Venture in Saudi Arabia". Bloomberg.com. Retrieved 9 May 2016.
- "luksar joint venture between russia lukoil - Search results from HighBeam Business". business.highbeam.com. Archived from the original on 9 March 2016. Retrieved 21 January 2012. Cite uses deprecated parameter
- "Al-Falih Appointed President & CEO" Archived 5 June 2016 at the Wayback Machine, saudiaramco.com, 4 November 2008. Retrieved 2016-05-25.
- "Saudi Aramco Announces CEO & President". aramcoexpats.com. Archived from the original on 20 March 2015. Cite uses deprecated parameter
- "New Saudi Aramco CEO Named". 2 November 2008. Archived from the original on 22 May 2013. Retrieved 20 January 2012. Cite uses deprecated parameter
- "Board of Directors of U.S.-Saudi Arabian Business Council Bio – Khalid A. Al-Falih". Archived from the original on 7 May 2015. Retrieved 20 January 2012. Cite uses deprecated parameter
- Zain Shauk, Saudi Aramco starts production at mammoth field, Fuelfix.com, 15 April 2013
- Charles Riley, Oil crash taking stocks down ... again, Cnn.com, 11 February 2016
- Vision 2030, Futureinvestmentinitiative.com
- "Saudi Arabia names Khalid al-Falih energy minister to replace Naimi" Archived 18 May 2017 at the Wayback Machine by Rania El Gamal & Reem Shamseddine, Reuters, 7 May 2016
- "Saudi Aramco Names Amin H. Nasser as President" Archived 22 September 2015 at the Wayback Machine by Summer Said, The Wall Street Journal, 15 September 2015
- Nayla Razzouk, Angelina Rascouet, Golnar Motevalli, OPEC Confounds Skeptics, Agrees to First Oil Cuts in 8 Years, Bloomberg.com, 30 November 2016
- Javier Blas, Wael Mahdi, Nayla Razzouk, Saudi Oil Minister Met With Top Commodity Hedge Funds, Bloomberg.com, 3 August 2017
- "Khalid A. Al-Falih". businessweek.com. Retrieved 9 May 2016.
- "Khalid A. Al-Falih Chosen Outstanding International Alumnus" Archived 4 June 2016 at the Wayback Machine, Texas A&M University, 2010; archived at issuu.
- – https://www.forbes.com/profile/khalid-al-falih/#44bf440b7cc7
|Wikiquote has quotations related to: Khalid A. Al-Falih|