Eng. Al-Faleh appointed President of Saudi Aramco

Riyadh, November 02, SPA--The Supreme Council for Petroleum and
Mineral Affairs headed by the Custodian of the Two Holy Mosques King
Abdullah bin Abdulaziz Al Saud has decided on the nomination of the
Board of Directors of Saudi Arabian Oil Company " Saudi Aramco" to
appoint Eng. Khalid bin Abdulaziz Al-Faleh as President of the
company effective from January 1st, 2009 in succession of Abdullah
bin Saleh bin Juma'h when he retires at the end of this year upon his
request following forty years of service including 14 years as the
company's president, the Minister of Petroleum and Mineral Resources
Eng. Ali bin Ibrahim Al-Naimi stated.

In a statement to Saudi Press Agency (SPA), the
minister pointed out that Eng. Khalid Al-Faleh has a wide experience
in the company nearly thirty years including senior positions in the
fields of oil and gas sector in the areas of exploration, production,
refining and international operations as well as a member of the
Board of Directors for nearly five years.
He congratulated on this occasion Eng. Al-Faleh for this
dear confidence bestowed upon him, wishing him all success in his new
post as President of the company and Chief Executive Officer so that
Saudi Aramco continues its activity and functions at the best way in
achieving the aspirations of the Custodian of the Two Holy Mosques
King Abdullah bin Abdulaziz Al Saud and the Crown Prince.
The minister expressed his thanks to and appreciation of
Juma'h for his dedicated service in the petroleum industry in the
Kingdom, wishing him all success and happiness.
--SPA