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Longest serving Saudi oil minister Ahmad Zaki Yamani dies

Date: 24 February 2021 Tags: Obituaries
  • Sheikh Ahmed Zaki Yamani, a former energy minister of Saudi Arabia who steered the kingdom's oil policies for nearly 25 years, has died in London. He was 90.
  • Yamani helped Saudi Arabia command a dominating presence in the Organization of the Petroleum Exporting Countries from its birth. The kingdom remains a heavyweight in the group even today.
  • Yamani became oil minister in 1962 and would lead the ministry until 1986. He served a crucial role in the nascent oil cartel OPEC as producers around the world began to try to dictate prices to the world market previously dominated by the economic policies of Western nations.
  • Yamani was the first Saudi representative on OPEC's board of governors in 1961. From his position, he became known not for the hysterics that accompanied years of turmoil across the wider Middle East.