OPEC/SAUDI ARABIA

Saudi Arabia Makes Bid For OPEC Secretary-General Position

Saudi Arabia has proposed its OPEC Governor Majid al-Munif to take over from current Secretary-General Abd Allah al-Badri when his term expires at the end of 2012, MEES learns. Only one of OPEC’s 23 secretary-generals has been Saudi, and that was back in 1967. Also, the kingdom has not held the OPEC presidency since 1973. Riyadh has traditionally preferred to stay in the background, exercising influence...