A new president has been elected to lead the Organisation of Petroleum Exporting Countries, OPEC, for one year and he is Mohammed Al Sada. He succeeds Nigeria’s Ibe Kachikwu, who is the minister of state for petroleum.
Kachikwu took charged of the position replacing Nigeria’s former Minister of Petroleum Resources, Diezani Alison-Madueke.
On Wednesday, Kachikwu was in charge as OPEC president, but a fresh election took place two days later at the 168th ordinary meeting of the organisation in Vienna, Austria, where Al Sada emerged as the new helmsman of OPEC.
“The conference elected HE Dr Mohammed Bin Saleh Al Sada, minister of energy and industry of Qatar, as president of the conference for one year, with effect from 1st January 2016, and HE Ali I. Naimi, minister of petroleum and mineral resources of the Kingdom of Saudi Arabia, as alternate president, for the same period,” OPEC said in a statement.
The statement also announced the approval of Indonesia as a full member of the oil cartel.
“In approving Indonesia’s resumption of its full membership in the organization, the conference extended a warm welcome to its delegation, headed by HE Sudirman Said, minister of energy and mineral resources of Indonesia,” OPEC said.
OPEC Gets New President https://t.co/tYJOdVnptU