BREAKING NEWS

Managing Saudi's new energy mega-ministry may bring challenges

By REUTERS

MAY 9, 2016 04:37

Updated: MAY 9, 2016 04:36

Managing Saudi Arabia's new energy mega-ministry, set to oversee over half the economy and designed to cut through a tangled bureaucracy to make government more coherent and efficient, will be a formidable challenge.

The new Energy, Industry and Mineral Resources Ministry, under Khalid al-Falih, already chairman of state oil company Saudi Aramco, will handle oil and gas extraction, power generation and distribution, mining and industrial development.

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