08 January 2022

OPEC appoints Kuwait’s Haitham Al Ghais as new Secretary General.

OPEC appointed Kuwaiti oil executive Haitham Al Ghais as its new secretary general on Monday 03 January 2022, as demand for oil continues to improve amid a mild recovery from the coronavirus pandemic.

Mr Al Ghais, a veteran of the Kuwait Petroleum Corporation and Kuwait’s Opec governor from 2017 to June 2021, will take the group’s reins in August, replacing Mohammad Barkindo, delegates at Monday’s Opec meeting said.

The move comes as the oil exporters’ group and its allies prepare to meet on Tuesday to decide on a future course for oil production. Opec+ is expected to stick to the plan and increase production by 400,000 barrels per day in February.

At its last meeting in December, Opec+ kept to plans to boost output for January by 400,000 barrels per day despite fears over the Omicron variant of coronavirus.

Source: www.thenationalnews.com

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