OPEC has picked the candidate from Kuwait, Haitham Al-Ghais, as its next secretary-general, who will assume office on August 1, the organization officially announced on Monday.
“In accordance with Article 28 of the OPEC Statute and in application of the procedure decided at the 182nd Meeting of the Conference on 1 December 2021, the Conference decided by acclamation to appoint by Mr Haitham Al-Ghais of Kuwait as Secretary-General of the Organization, with effect from 1 August 2022, for a period of three years,” OPEC said in a statement.
OPEC seeks to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.
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