Ahmed Zaki Yamani, Dies

Ahmed Zaki Yamani, Dies

Sheikh Ahmed Zaki Yamani, the former Saudi Arabian energy minister has passed away in London at the age of 90. State-run Ekhbariya TV reported; he will be buried in the holy Islamic city of Mecca.

He graduated from Cairo’s King Fuad I University in 1951 before earning two master’s degrees in law, one from New York University in 1955 and the other from Harvard University in 1956.

In response to Washington’s support for Israel in the Yom Kippur War against Egypt and Syria, Yamani, along with counterparts in other Arab oil exporters and Iran, managed a series of production cuts in 1973 and halted supplies to the U.S. and other Western countries This caused international oil prices to spike.

Yamani represented four Saudi kings at the Organization of Petroleum Exporting Countries (OPEC). He was dismissed by King Fahd in 1986, by which time crude prices had dropped to record lows.

He was the longest-serving oil minister in OPEC, where held the position for 24 years.

On Dec. 21, 1975, he was among the 11 OPEC ministers taken hostage in Vienna by the Venezuelan terrorist known as Carlos the Jackal. Yamani and Jamshid Amouzegar were the last hostages to be released in Algiers, Algeria.