Saudi Aramco to be restructured, reportedly
Saudi Arabia There are no indications that this would lead to changes in the predominant approach of the national oil company.
“[The] Saudi Supreme Economic Council agrees on Deputy Crown Prince Mohammed bin Salman’s vision of restructuring oil-giant Aramco. […] Restructuring of Saudi Aramco includes separation from the petroleum ministry,” Arabiya was reported as saying on its Twitter account, citing sources.
The Supreme Economic Council is a new body formed by King Salman earlier in 2015. It replaced the Supreme Petroleum Council, which used to help set the country’s oil industry policy.
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