Haitham Al-Ghais of Kuwait will be the new director of OPEC from next August. He replaces the Nigerian Barkido
Haitham Al-Ghais will become the new general secretary ofOpec from next August. The choice was made by acclamation from the exporters’ organization. The Kuwaiti will take the place of his Nigerian colleague Mohammad Barkidowho held the same position since August 2016. His mandate lasts for three years.
Haitham Al-Ghais he is a high-profile technocrat and diplomat who knows seven languages and has thirty years of experience in the oil sector that has also taken him to London and Beijing. Until last June he was governor ofOpec for the Kuwait to become then Deputy Director General for International Marketing for Kuwait Petroleum Corporation.
Opec, the strategy of Haitham Al-Ghasi: market in equilibrium and cooperation with other producing countries
The appointment of Haitham Al-Ghais comes at a time when the Opec and its partners are trying to meet the recovery in post-pandemic oil consumption COVID-19 without plunging the markets into an oversupply. The diplomat said he wanted to keep the same approach and wanted to seek greater collaboration with other producing countries such as Russiafrom whose partnership led to the birth of‘Opec +. The latter currently holds 45% of the world’s oil production.
“Our role inOpec + it is to keep supplying the market to reach equilibrium, “he said Al-Ghais in an interview with Al Arabiya – The group is eager to meet the increased demand so that the market is not undersupplied. “
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