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Organisation of Petroleum Exporting Countries (OPEC), on Monday, appointed new Secretary-General, Haitham al-Ghais as Nigeria’s Mohammed Sanusi Barkindo’s end five-year service at the oil cartel.
Barkindo stated that OPEC is in a capable hand, noted that the new man knows the system operation.
Barkindo wrote in a note, “From my time working collaboratively with you as Kuwait’s OPEC Governor, I know you have a great understanding of the organs and internal workings of the organisation”
The new Secretary-General, former Kuwait’s OPEC Governor, Haitham, in a letter from OPEC disclosed that he has been appointed in place of Barkindo.
Barkindo was the OPEC Secretary-General since 2016 with remarkable roles during the fluctuating time at the oil and gas sector. He helped to stabilise oil price from negative state to the current price of $78 per barrel.
Before then, he has represented Nigeria on OPEC’s Economic Commission Board from 1993 to 2008.
Recently, he has advocated for continued investment in hydrocarbon, warning that dwindling investment in fossil fuel would hurt global economy.
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