A former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mohammed Barkindo has been appointed as the new Secretary-General of the Organization of Petroleum Exporting Countries, OPEC.
The appointment of the Nigerian was announced on Thursday at a meeting of the oil cartel at the OPEC headquarters in Vienna.
Mr. Barkindo served as the NNPC director from 2009 to 2010 and as the acting secretary-general of OPEC in 2006. He was nominated for the position by the Nigerian government.
The former NNPC leader will replace Libyan oil minister Abdalla El-Badri, who is currently serving as the acting secretary-general. He was elected to the position in December 2015 after OPEC members failed to meet the required consensus to appoint a new leader. Mr. El-Badri’s provisional term will expire in July, after which Mr. Barkindo will assume office and serve as secretary-general for the next three years.