Saudi Arabia’s Longest-Serving Oil Minister Dies At 90 ...Middle East

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Saudi Arabia’s Longest-Serving Oil Minister Dies At 90
source : OILPRICE ( Middle East ) () 17
The driving force of the 1973 oil embargo, Sheikh Ahmed Zaki Yamani, has died at age 90. Yamani served as Saudi Arabia's Oil Minister from 1962 until 1986, when he was dismissed by Saudi King Fahd over differing opinions on the Kingdom's oil policies. He is Saudi Arabia's longest-serving oil minister. The simple explanation of the disagreement between the King and Yamani was that when it came to oil policy and delicate OPEC negotiations, Fahd wanted oil prices to be 25% higher and expected Yamani's OPEC negotiations to deliver that result. But…

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