BREAKING NEWS

Saudi Arabia nominates candidate to top OPEC post

By REUTERS

JANUARY 31, 2012 17:19

DUBAI - Top oil exporter Saudi Arabia has nominated a candidate for OPEC's next secretary general, a Gulf OPEC delegate familiar with the matter said, in a move that may reignite a quarrel over influence in OPEC between Gulf Arab nations and Iran.

The current secretary general of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri of Libya, completes his second and final three-year term at the end of 2012. OPEC will seek to select a replacement, to start in 2013, at its next meeting in June.

Saudi Arabia has nominated Majid Al-Moneef, Saudi's governor at OPEC, for the post, the OPEC delegate told Reuters.

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