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Source: Getty

In The Media
Malcolm H. Kerr Carnegie Middle East Center

‘Saudi Will Maintain Stable Petroleum Policy’

Although Saudi Arabia has appointed a new oil minister, it will most likely continue to maintain its current petroleum production policy.

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By Carole Nakhle
Published on May 9, 2016
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Middle East

The Middle East Program in Washington combines in-depth regional knowledge with incisive comparative analysis to provide deeply informed recommendations. With expertise in the Gulf, North Africa, Iran, and Israel/Palestine, we examine crosscutting themes of political, economic, and social change in both English and Arabic.

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Carnegie Oil Initiative

The Carnegie Oil Initiative analyzed global oils, assessing their differences from climate, environmental, economic, and geopolitical perspectives. This knowledge provides strategic guidance and policy frameworks for decision making.

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Source: CNBC

Carnegie’s Carole Nakhle joined CNBC's Sri Jegarajah to discuss Saudi Arabia's recent appointment of a new oil minister and what this could mean for the kingdom's over all petroleum production policy.  Nakhle argued that the previous oil minister Al Naimi's departure came as no surprise as many in the industry expected him to retire. She believes that the change in the leadership of Saudi's oil ministry fits with the country's recently revealed reform program: Saudi Vision 2030. Although new oil minister Falih is new, Nakhle argues that he will maintain Saudi Arabia's current petroleum production policy unless Iran joins other OPEC members in a production freeze.

This broadcast was originally aired on CNBC.

About the Author

Carole Nakhle

Former Nonresident Scholar, Middle East Center

Nakhle was a nonresident scholar at Carnegie Middle East Center, specializing in international petroleum contracts and fiscal regimes for the oil and gas industry, world oil and gas market developments, energy policy, and oil and gas revenue management.

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Carole Nakhle
Former Nonresident Scholar, Middle East Center
Carole Nakhle
Political ReformEconomyGulfSaudi ArabiaMiddle East

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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