Ali Al-Naimi
Name: Ali Al-Naimi
Occupation: Unclassified
Gender: Male
Birth Day: August 2, 1935
Age: 85
Country: Saudi Arabia
Zodiac Sign: Virgo

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Ali Al-Naimi

Ali Al-Naimi was born on August 2, 1935 in Saudi Arabia (85 years old). Ali Al-Naimi is an Unclassified, zodiac sign: Virgo. Nationality: Saudi Arabia. Approx. Net Worth: Undisclosed.

Net Worth 2020

Undisclosed
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Biography

Biography Timeline

1944

Ali Al-Naimi's older brother Abdullah, was hired by Aramco in 1944, and attended the Jebel School run by the company. Abdullah took Ali along, where they learned English, Arabic and basic arithmetic in the mornings, then worked as office boys in the afternoon. Finally, on 6 December 1947, Ali was hired as a junior clerk, but still attended school in the mornings.

1962

Under the training programs of Aramco, he studied at International College, Beirut and the American University of Beirut, before going to Lehigh University in the United States. He obtained a bachelor of science degree in geology in 1962. He then earned a master of science degree in hydrology and economic geology at Stanford University.

1964

After graduation, Naimi joined Aramco's exploration and production department as a geologist in 1964. He presented his first research paper, The Groundwater of Northeastern Saudi Arabia, in 1965. In 1967, he spent a year in the public relations department, before being assigned as the senior supervising operator for the Abqaiq Field in 1968. There he used an innovative gas injection method to revive the Ain Dar, No. 17, well. On 1 April 1969, Ali was made superintendent, assistant manager in 1972, and then manager in 1973.

1974

Ali attended advanced management courses at Columbia in 1974 and Harvard in 1979.

He was promoted to manager of Northern Area producing in 1974, which had responsibility for 11 of Aramco's 15 oil fields. On 1 May 1975, the Aramco board promoted Ali to be the vice president for producing and water injection. He was one of the leaders that initiated seawater injection as a replacement for well water. He was named president of Aramco Overseas Company before becoming a senior vice president in July 1978. Al Naimi was elected a member of board of directors in 1980 and was promoted to the newly created position of executive vice-president of oil and gas affairs in 1981. He was named president of Saudi Aramco in November 1983, being the first Saudi to hold that position. In 1988 Al-Naimi assumed responsibilities as CEO.

1995

He became the minister of Petroleum and Mineral Resources on 2 August 1995 (his 60th birthday), replacing Hisham Nazer. Al-Naimi became the first oil executive to hold the office. He was succeeded by Abdullah S. Jum'ah as CEO of Aramco.

Also in 1995, Naimi received an Honorary Doctorate from Heriot-Watt University

2008

Naimi was named one of the most influential people in the world by TIME magazine in 2008. In 2011, he was included in the inaugural 50 Most Influential ranking by Bloomberg Markets magazine. His autobiography was published in November 2016.

2010

In December 2010, the Saudi Supreme Petroleum Council, chaired by King Abdullah, asked Naimi to nominate candidates to succeed him as oil minister.

2014

In November 2014, still serving as Saudi oil minister and therefore the de facto leader of OPEC, Naimi became the primary advocate for the export organization's controversial new strategy. He argued that the oil market should be left to rebalance itself at lower price levels, strategically rebuilding OPEC's long-term market share by ending the profitability of high-cost US shale oil production. In 2016 he announced that in the next years more investment will be made in renewable energy and solar technology, as he sees great potential in this area. Naimi completed his service as oil minister in May 2016, as deputy crown prince Mohammed bin Salman took on a stronger role in Saudi oil policy. Naimi was replaced by former executive at state-owned oil company Saudi Aramco Khaled Al-Falih.

2016

In 2016 Naimi published his memoirs with the title “Out of the Desert”. The book gives insight into the domestic infighting and the future of Saudi Aramco.

🎂 Upcoming Birthday

Currently, Ali Al-Naimi is 87 years, 1 months and 29 days old. Ali Al-Naimi will celebrate 88th birthday on a Wednesday 2nd of August 2023.

Find out about Ali Al-Naimi birthday activities in timeline view here.

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