Downstream EVP

Yasser M. Mufti appointed executive vice president of Products and Customers

The new position and appointment become effective Sept. 1.

Yasser M. Mufti appointed executive vice president of Products and Customers

Yasser M. Mufti has been appointed executive vice president of Products and Customers


Prior to this, Mufti had been serving as senior vice president of Fuels since July 2021.


Mufti previously served as vice president of Strategy & Market Analysis beginning in 2017, and prior to that he was executive director of New Business Development — a position he was appointed to in June 2016. In the 2014 to 2016 period, he served as general manager of Transaction Development, and then CEO of Aramco Trading.


Mufti also led the Strategic Transformation Office, responsible for guiding the company through implementation of the Accelerated Transformation Program (ATP). 


Between 2012 and 2013, he served as Saudi Arabia’s Governor to OPEC and adviser to HE Ali I. Al-Naimi, former Minister of Petroleum and Mineral Resources. Mufti was appointed chairman of OPEC’s Board of Governors for a one-year term in 2013.


He joined Aramco in 1995 and spent the first seven years in Product Sales & Marketing before continuing his career in Corporate Planning. Between 2009 and 2011, Mufti ran a variety of Upstream departments, including the Sea Water Injection Department, Southern Area Production Services, and the Hawiyah Gas Plant.


Mufti holds a B.S. degree in Electrical Engineering from King Fahd University of Petroleum and Minerals and an M.S. degree in Business Administration from City University of London, in the U.K.


He serves as chairman of the Board for Aramco Valvoline Global, Saudi Aramco Jubail Refining Company (SASREF), the Aramco Lubricants & Retail Company, the Saudi Aramco Asia Company and Tas’helat Marketing Company, in addition to sitting on the Boards of Motiva Enterprises, the Aramco Trading Company and Aramco’s JV with Petronas (PrefChem). Mufti is also the president of the Oxford Energy Policy Club. 


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