

Sheikh Yamani was Saudi Arabias oil minister from 1962 to 1986
Sheikh Yamani became a household figure across the Western world in the 1970s, as the very public face of the newly empowered Gulf Opec states.
A long-serving Saudi oil minister in power from 1962 to 1986 he played the pivotal role in the 1973 oil embargo that swung market power away from the largest Western oil companies to the Opec states; it was he who devised the scheme to quadruple oil prices.
A commoner among princes, this smooth-talking technocrat was at ease dealing with oil company CEOs and foreign heads of state. He, more than anyone else, smoothed the kingdoms path to becoming the worlds central bank of oil.
You might also like...
World Bank slashes GCC growth forecast to 1.3%
10 April 2026
Al-Habtoor launches $1.3bn Dubai real estate project
10 April 2026
Jordan sets market briefing for Amman water PPP
10 April 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
