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Aramco Shakes Up Top Management as It Adjusts to Oil’s Crash

  • Company creates a new division to ‘assess existing assets’
  • Aramco also appoints new heads of upstream, downstream arms
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Saudi Aramco reshuffled its senior management, putting a top executive in charge of “portfolio optimization,” as the world’s biggest oil producer adjusts to low crude prices.
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Saudi Aramco reshuffled its senior management and created a division focused on “portfolio optimization” as the world’s biggest oil producer adapts to low crude prices and seeks new ways to raise cash.