Nigerian Petroleum Leader Named New OPEC President, First Female
Nigeria’s Petroleum Minister, Mrs Diezani Allison Madueke, has been elected as President of the Organisation of Petroleum Exporting Countries (OPEC). She is the replacement for the former president, Abdourhman Atahar Al-Ahirish who hails from Libya.
Alison-Madueke’s election as President of OPEC took place on Thursday at the ongoing 166th ordinary meeting of the Organisation, taking place in Vienna, Austria. She becomes the first female to be elected into that position.
Before her election, Mrs Alison-Madueke was the alternate president of OPEC and is expected to immediately begin to serve her one-year term at the helm of OPEC affairs.
It is expected that OPEC, during its ongoing 166th meeting, would make key decisions that could halt the dwindling price of crude oil.