Iraq to Nominate Thamar Ghadban to Lead OPEC

Iraq is expected to challenge the Saudi contender for the post of Secretary General of Organisation of Petroleum Exporting Countries (OPEC), according to a report from Middle East Oil & Gas.

An Iraqi official told the Gulf Times: “Iraq is working to nominate Thamer Ghadban for this position”. Ghadban is currently the top energy adviser to Iraqi Prime Minister Nouri al-Maliki, and was Iraq’s oil minister from 2004-05.

OPEC may ask its current secretary general, Abdullah al-Badri, to remain in the post for an unprecedented third term should the group fail to reach consensus. If he were willing to stay on, OPEC would need to make an exception to its statute that says the secretary general can only serve two three-year terms. Delegates say this is possible.

“The issue will be discussed during the coming OPEC meeting [in June] and the option of Badri staying on is still on the table,” a anonymouse delegate from a Gulf OPEC country said.

“If the Saudi delegate doesn’t get support from all the member-countries then Badri might remain as secretary general and that would be the best solution for the time being,” a second delegate said.

(Source: MEOG)

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