Thursday, November 27, 2014

Nigerian Petroleum Minister Diezani Elected First Woman OPEC President
Federal Republic of Nigeria Minister of Petroleum Resources,
Mrs. Diezani Alison-Madueke, has been elected as the first woman
president of the Organization of Petroleum Exporting Countries (OPEC.)
Thursday, 27 November 2014 15:10
Written by Daniel Adugbo
Nigeria Daily Trust

Nigeria's Minister of Petroleum Resources, Mrs. Diezani Alison- Madueke was on Thursday elected as president of the Organization of Petroleum Exporting Countries (OPEC).

Ohi Alegbe, spokesman for the Nigeria National Petroleum Corporation (NNPC), confirmed the development to our reporter on phone.

She is the first female president of the 12 nations’ oil cartel and was elected at the 166th General Meeting of the organization in Vienna, Austria.

She takes over from Abdourhman Ataher Al-Ahirish, Libya's Vice Prime Minister for Corporations.
Diezani is expected to hold the post for one year.

OPEC is meeting a little more than five months since it last met and it is expected take vital decisions that could reverse the dwindling price of crude oil in the international market.

Ex-president Al-Ahirish in his opening remarks before the closed door meeting explained that ample supply and uncertainties about global economic growth have been key factors in the recent price trend.

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