May 22, 2024
Haitham Al Ghais takes office as OPEC Secretary General
OPEC daily basket price stood at $61.70 a barrel
– By Godswill Odiong

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

By Eyo Nsima

His Excellency Haitham Al Ghais of Kuwait has taken office as Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) at the Organization’s Secretariat in Vienna, Austria.

HE Al Ghais was appointed by acclamation for a three-year term at the Special Meeting of the OPEC Conference held on 3 January 2022.

He succeeds the late Secretary General of OPEC, HE Mohammad Sanusi Barkindo.

HE Al Ghais said: “It is a great honour for me to be at the helm of an Organization that has been instrumental in supporting a stable and sustainable supply of oil to the world for more than 61 years.”

“Throughout its history, OPEC has been at the forefront of promoting dialogue, cooperation and partnerships to achieve its mission. Today, I look forward to working with all our Member Countries and our many partners around the world to ensure a sustainable and inclusive energy future which leaves no one behind,” the Secretary General added.

HE Al Ghais – a respected oil technocrat and well-known OPEC figure – brings a great wealth of experience from both his diplomatic background, as well as his extensive experience in the energy and oil sectors in both OPEC Founder Member Kuwait and internationally.

The Secretary General’s career in the global oil industry spans 30 years. He advised six Kuwaiti Oil Ministers on the global oil market and its developments over the past years.

HE Al Ghais is also a veteran of the Kuwait Petroleum Corporation (KPC). He served at KPC’s offices in Kuwait; Beijing, China; and London. Before taking the position of OPEC Secretary General, he was the Deputy Managing Director for International Marketing at KPC.

HE Al Ghais was a leading member of Kuwait’s Delegation to the meetings of OPEC and the Declaration of Cooperation (DoC) between OPEC Member Countries and non-OPEC oil-producing countries.

The Secretary General served as Kuwait’s Governor for OPEC from 2017 to 2021. He was also a Member of the Organization’s Internal Audit Committee, which he later skilfully chaired.

HE Al Ghais was the first Chairman of the DoC’s Joint Technical Committee (JTC) following the inception of the historic framework in December 2016. He led the Committee with great distinction in its first year, and subsequently served as a Member of the JTC until June 2021.

The Secretary General also played a key role in drafting and developing the landmark Charter of Cooperation (CoC). The CoC was endorsed by OPEC Member Countries and several non-OPEC producing countries in July 2019 at the Sixth OPEC and non-OPEC Ministerial Meeting.

Kindly Share

Facebook
Twitter
LinkedIn
WhatsApp

Copyright @ TheDaily. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheDaily

Leave a Comment

Your email address will not be published. Required fields are marked *

📰 Subscribe to our Newsletter

Scroll to Top