The new Saudi Oil Minister assures: "No change in strategy"

Saudi Arabia does not intend to change its oil policy. Assures the new Minister of Energy, Industry and Mining Resources, Khaled al-Faleh, who took over from veteran Ali al-Naimi said Riyadh and "strengthen its more reliable energy supplier position world". Analysts at the time, waiting for the reaction of the markets.

In office since 1995, the former minister has been replaced by the Minister of Health and Chairman of the Aramco oil giant, al-Falih: the shift goal of such an important minister in the Arab country is to improve the fortunes of the economy hit hard by the collapse in oil prices.

In the statement, the new minister noted that her department was created to achieve "ambitious goals" set by the plan recently launched by Prince Mohammed, son of King Salman, who has assumed the powers for economic policy. The plan provides that the country create a sovereign fund, which with a budget of two trillion dollars would be the largest in the world, and assigns a share of Aramco, the state oil giant, with the receipts of the Kingdom has created huge reserves tax through which funds a generous system of public employment, subsidies to citizens and welfare.

In this way, Saudi Arabia is taking an important step on its way to the abandonment of oil dependence, objective place for the next 15 years.