Thursday, 16 August 2012

OPEC delays delicate talks on picking new secretary general | Reuters

OPEC has delayed a meeting of officials to help select its new secretary general, delegates from the oil producers' group said, putting off delicate talks that could reignite rivalry for influence as Saudi Arabia, Iran and Iraq seek the top post.

A panel of officials was initially planned to convene at the Vienna headquarters of the Organization of the Petroleum Exporting Countries during August, but the meeting is now more likely to take place in October, officials said.

OPEC has often struggled to agree on a secretary general and the task of appointing a successor to the outgoing Abdullah al-Badri comes as Western sanctions on Iran have heightened political tensions within the 12-member group.

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