Aramco reshuffles top management, Al Naimi to Head Upstream

Saudi Aramco reshuffled jobs at its top management, appointing an acting head for the upstream business, as the world’s biggest oil producer cuts spending to cope with low oil prices.

Nasir Al Naimi will become head of the upstream division until further notice, said people familiar with matter, who asked not to be identified as the matter is private. Mohammed Al Qahtani, who ran the unit, will become head of downstream business.

Aramco couldn’t be reached for comment immediately.