Nigeria’s
Petroleum Minister, Mrs Diezani Allison Madueke, has been elected as
President of the Organisation of Petroleum Exporting Countries (OPEC).
Alison-Madueke’s
election as President of OPEC took place on Thursday at the ongoing
166th ordinary meeting of the Organisation, taking place in Vienna,
Austria.
She becomes the first female to be
elected into that position, and replaces Libya’s Vice Prime Minister for
Corporations, Abdourhman Atahar Al-Ahirish, who was occupying the
position.
Before her election, Mrs Alison-Madueke was the
alternate president of OPEC and is expected to immediately begin to
serve her one-year term at the helm of OPEC affairs.
It is
expected that OPEC, during its ongoing 166th meeting, would make key
decisions that could halt the dwindling price of crude oil.
Diezani
K. Alison-Madueke, born 6 December 1960, became Nigeria’s Minister of
Transportation on July 26, 2007. She was moved to Mines and Steel
Development in 2008, and in April 2010 was appointed Minister of
Petroleum Resources.
In accordance with its Statute, the mission
of the Organization of the Petroleum Exporting Countries, OPEC, is 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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