Former Saudi Arabian oil minister Sheikh Zaki Yamani, the face of the 1973 oil embargo that brought the West to its knees, has died in London, aged 91, Saudi's Okaz newspaper said on Feb. 23.
Yamani was the embodiment of the ascent of Arab petroleum power. In 1975, he and other oil ministers was kidnapped at an OPEC meeting in Vienna by Carlos the Jackal.
Known for his elegant manner and trademark goatee, Yamani’s 24-year tenure running the oil affairs of the world’s biggest producer made him a global celebrity during the inflationary “oil shocks” of the 1970s.
That role ended with his abrupt sacking in 1986 after a costly attempt to prop up crude prices, a failed strategy which has cast a shadow over Saudi oil policy.
Yamani will be buried in the Saudi city of Mecca, Okaz paper added.
Recommended Reading
Mitsubishi, Chevron Overcome Hydrogen, Storage Project Woes
2024-03-21 - ACES Delta developers say the project remains on track for 2025 startup, despite previous supply chain obstacles.
Exclusive: What’s Needed to ‘Get Things Moving’ with CCS
2024-03-05 - CCS momentum is brewing, says Katja Akentieva, vice president of New Energy Solutions for the Western Hemisphere at TGS. Now it's time to capitalize on that momentum in this Hart Energy LIVE Exclusive with Jordan Blum.
Exclusive: Mitsubishi Power Plans Hydrogen for the Long Haul
2024-04-17 - Mitsubishi Power is looking at a "realistic timeline" as the company scales projects centered around the "versatile molecule," Kai Guo, the vice president of hydrogen infrastructure development for Mitsubishi Power, told Hart Energy's Jordan Blum at CERAWeek by S&P Global.
Exclusive: Building Battery Value Chain is "Vital" to Energy Transition
2024-04-18 - Srini Godavarthy, the CEO of Li-Metal, breaks down the importance of scaling up battery production in North America and the traditional process of producing lithium anodes, in this Hart Energy Exclusive interview.
Svante CEO on Reducing ‘Friction’ in the Carbon Capture Marketplace
2024-04-10 - Svante President and CEO Claude Letourneau discusses the challenges — and progress made — with capturing carbon emissions with Jordan Blum, Hart Energy’s editorial director.