Wednesday, 12 December 2012

'Healthy competition' to lead Opec - The National

Opec ministers face a tough discussion today over the future leader of the organisation.

Abdalla El Badri, a former Libyan oil minister known for his diplomatic skill in shepherding members to consensus, reaches his two-term limit at the end of this year, leaving a choice between three candidates at today's output meeting.

The Saudi Arabian candidate, the oil ministry adviser Majid Al Muneef, is in the running and challenged by a candidate from Iran and Thamer Ghadban, a former Iraqi oil minister seen as a possible compromise between price hawks represented by Tehran and doves led by Riyadh.

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