Kuwait’s Al-Ghais to replace Barkindo as OPEC warns of uncertainty

Hiseasnetwork2周前Internationality72
The Organisation of Petroleum Exporting Countries (OPEC), yesterday, elected Kuwait's former OPEC governor Haitham Al-Ghais to become the group's next Secretary-General Kuwait’s Al-Ghais to replace Barkindo as OPEC warns of uncertaintyThe Organisation of Petroleum Exporting Countries (OPEC), yesterday, elected Kuwait’s former OPEC governor Haitham Al-Ghais to become the group’s next Secretary-General, once Nigeria’s incumbent Mohammad Barkindo’s term expires at the end of July.

Also, the cartel warned of significant levels of uncertainty in the weeks to come, owing to the Omicron variant, uneven pace of economic growth and continued supply chain disruptions.

Al-Ghais, who acted as the first-ever chairman of the OPEC+ Joint Technical Committee (JTC), was elected by majority vote at an extraordinary ministerial OPEC meeting that was held just for that purpose.

His term begins in August. OPEC secretaries-general are appointed for an initial three-year term, which can typically only be extended once for another three years.

OPEC ministers will meet with their non-OPEC counterparts today to discuss and decide on production policy for February – specifically whether to press ahead with a 400,000 b/d increase in the OPEC+ group’s production quota, as planned under the roadmap it agreed in July.

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