World Alison-Madueke’s OPEC ambition to wait by Joseph Anthony June 12, 2014 written by Joseph Anthony June 12, 2014 111 views 111 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 comment 0 FacebookTwitterPinterestEmail Joseph Anthony previous post Sanusi and the war against terror next post Another woman hanged in India You may also like Billionaire Advocates for Russian Companies to Develop SAP... May 27, 2024 Russia Extends Invitation to Taliban for Key Economic... May 27, 2024 Kremlin Accuses NATO of Direct Confrontation with Russia... May 27, 2024 Ex-Russian mayor goes to fight in Ukraine after... January 15, 2024 Nigerian art student Chancellor Ahaghotu breaks Guinness World... January 3, 2024 Russia says ten dead after Ukrainian attack on... December 30, 2023 Russia’s Navalny tracked down to ‘Polar Wolf’ prison... December 25, 2023 Pope Francis calls for end to Gaza war... December 25, 2023 Ukraine’s new Christmas Day unites Catholic-Orthodox family December 24, 2023 Russia says it downs four Ukrainian military aircraft December 24, 2023 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