Nigeria’s Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has been elected President of the Organisation of Petroleum Exporting Countries, OPEC, at the organisation’s 166th General Meeting, in Vienna, Austria. Alison-Madueke’s election, on Thursday, is historic, as she becomes first woman to be head the body.
Alison-Madueke is succeding Libyan Vice Prime Minister for Corporations, Abdourhman Atahar Al-Ahirish. until now, She was alternate president of OPEC.
OPEC is expected will take key decisions that could halt the dwindling price of crude oil. Al-Ahirishhad in his opening remarks before the closed door meeting stated that ample supply, moderate demand, a stronger US dollar and uncertainties about global economic growth have been key factors in the recent price trend.