Monday 19 March 2018

Saudi king appoints Irishman to key role in state-run oil producer

Anthony DiPaola

Saudi Arabia's King Abdullah named David O'Reilly, who built Chevron into the world's fourth-largest publicly traded oil company, to be a board member at state-run Saudi Aramco.

Mr O'Reilly, Chevron's chairman and chief executive for a decade, will serve a three-year term on oil producer Aramco's board.

Saudi Aramco, the world's largest crude exporter, completed a development plan last year to boost oil production capacity to more than 12 million barrels a day.

Dublin-born Mr O'Reilly (63) led Chevron's October 2000 acquisition of Texaco and helped Chevron raise output more than 60pc during his tenure as chief from 2000 to 2009.

He worked at Chevron for 41 years, joining in 1968 as a process engineer and later taking on executive roles in chemicals and oil-product marketing.

He became a vice-president in 1991 and directed Caltex Petroleum, Chevron's joint venture with Texaco in the Middle East, Africa and Asia, from 1992 to 1994.

He received an honorary doctorate in science and earned a bachelor's degree in chemical engineering, both from University College Dublin.

Irish Independent

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