Contact Information

Oak Avenue, Manhattan Beach, California 90266

Contact Us

Ahmed Zaki Yamani, Saudi Arabia’s former long-serving oil minister who led the kingdom through the 1973 oil crisis, has reportedly died at the age of 90 in London.

Without giving a reason, Saudi state television announced his death. It said that he was going to be buried in the holy Muslim city of Mecca.

He also led the nationalization of the State Energy Company of Saudi Arabia and found himself being held hostage by the gunman, Carlos the Jackal.

Known for his Western-style business suits and soft-spoken, measured tones, since his birth, Yamani has helped Saudi Arabia dominate the Organization of Petroleum Exporting Countries (OPEC).

Even today, with its decisions rippling through the oil industry, the kingdom remains a heavyweight within the group, influencing prices from the barrel down to the gasoline pump.

READ:  $900m Gaffe: U.S. Judge Says Citigroup Can't Recover Revlon's Payout
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments