There was once a Saudi, an Iranian, an Iraqi and an Ecuadorian. This is not a complicated joke, but instead, the line-up to be Opec's next secretary-general, succeeding the long-serving Libyan Abdullah El Badri.
The contest sheds interesting light on the emerging struggle that will define oil markets and Opec's own role over the next decade. It features the incumbent champion for Saudi Arabia (and its candidate Majid Al Moneef), the declining rival (Iran and Gholamhossein Nozari), the rising star (Iraq and Thamir Ghadhban) and the unexpected outsider (Ecuador and Wilson Pastor).
Interestingly, the real Opec heavyweights rarely provide the secretary-general.
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