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Naimi is to stay as oil minister in Saudi Arabia - for now

Saudi Arabia has a new king, but Naimi and his policy stays - for now. With him at the helm, the kingdom's oil-market strategy of allowing prices to sink to curb supply from rival producers will also stay intact.

About six years ago, Ali Naimi, Saudi Arabia's oil minister since 1995, went to King Abdullah and - not for the first time - tendered his resignation. The king refused and, to stop Naimi asking again, he is said to have told his trusted minister: "You resign when I resign." Abdullah's death, announced by Saudi Arabia on 22 January, immediately prompted questions about whether Naimi, who is thought to be 79 years old, would now get his wish. The answer is that Naimi stays - for now. With him at the helm, the kingdom's oil-market strategy of allowing prices to sink to curb supply from rival producers will also stay intact.  The accession to the throne of Salman, at 79 the same age as Naimi

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