World Alison-Madueke’s OPEC ambition to wait by Joseph Anthony June 12, 2014 written by Joseph Anthony June 12, 2014 128 views 128 The ambition of Petroleum Minister Mrs Diezani Alison-Madueke to become the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) will have to wait. The 12-member body has extended the tenure of its sitting secretary general till June next year. The election was earlier slated for December. President Goodluck Jonathan had forwarded the name of the minister for the position. But it will no longer be contested this year. At the end of a meeting of the Vienna, Austria-based organisation yesterday, its communique confirmed the decision to extend long-serving Secretary General Abdullah al-Badri’s term till June 30, 2015. Its next meeting is slated for November 27. The proposal was intended to solve the deadlock over the post created by opposing candidates from Saudi Arabia and Iran, Iraq’s Oil Minister Abdul Kareem Luaibi, said OPEC also agreed to renew its oil production ceiling of 30 million barrels a day for the second half of this year in a widely anticipated decision. It is satisfied with 110 dollars Brent crude oil price a barrel, above its preferred price of 100 dollars a barrel, ministers said. Two member countries, Libya and Iran, are producing well below capacity because of civil conflict and sanctions helping to support prices. 0 comments 0 FacebookTwitterPinterestEmail Joseph Anthony previous post Sanusi and the war against terror next post Another woman hanged in India You may also like Russia Takes Control of Vuhledar After Two Years... October 2, 2024 Iranian Missile Strike on Israel Demonstrates Increased Capability... October 2, 2024 Israel Strengthens Military Presence Along Lebanon Border October 2, 2024 Israel Denies Entry to UN Secretary-General October 2, 2024 Ukrainian F-16 Crash Claims Pilot’s Life Amid Russian... August 29, 2024 Spain Pledges 500,000 Mpox Vaccines for Africa August 27, 2024 Strike on Kramatorsk Hotel in Ukraine Leaves Reuters... August 25, 2024 Telegram Founder Pavel Durov Arrested in France, Sparking... August 25, 2024 Ferry Carrying Fuel Sinks at Russian Port Following... August 22, 2024 New Alzheimer’s Drug Approved by UK Regulator August 22, 2024 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Type in the text displayed above
