OPEC Has a President Under Sanctions, But It's Been There Before - Bloomberg

OPEC Has a President Under Sanctions, But It's Been There Before - Bloomberg:

Being hit by U.S. sanctions isn’t ideal when you’re representing a global oil institution, but history shows it’s manageable.

Venezuelan Oil Minister Manuel Quevedo, who this year holds the rotating presidency of OPEC, has just been sanctioned by the U.S. Treasury Department for his ties to President Nicolas Maduro. That means any American assets he owns will be blocked and dealings with U.S. persons forbidden.

While it might be personally problematic for Quevedo, who also heads state-owned oil giant PDVSA, his role as OPEC president probably won’t be affected.

#UAE to launch new industrial strategy in 2019 | Reuters

UAE to launch new industrial strategy in 2019 | Reuters:

The United Arab Emirates will launch a new industrial strategy in 2019, Minister of Energy & Industry Suhail al-Mazrouei said on Saturday.

He did not give further details.