Saudi, Iran and Iraq clash over OPEC top job

Saudi Arabia, Iran and Iraq are vying to gain control of the Organisation of Petroleum Exporting Countries (OPEC).

Saudi Arabia, Iran and Iraq are vying to gain control of the Organisation of Petroleum Exporting Countries (OPEC).

Saudi Arabia, Iran and Iraq are vying to gain leadership of the Organisation of Petroleum Exporting Countries (OPEC), with all three countries putting forward nominees for the next term as secretary-general of the energy body.

OPEC members gathered in Vienna on Monday to interview nominees, with Ecuador, the smallest member of the energy bloc, making up the fourth nominee in the running to replace Libya’s Abdalla el-Badri.

While the position as secretary-general’s main role is to coordinate emergency meeting in times of crisis, the role is also political in nature, with the big decisions made by oil representatives from the 12 individual members.

Those nominated for the position, which is for a maximum of two three-year terms, are Saudi Arabia’s former OPEC governor, Majid Al Moneef, former Iranian oil minister Gholamhossein Nozari, former Iraqi oil minister Thamir Ghadhban and Ecuadorian oil minister Wilson Pastor.

OPEC has often struggled to agree on a secretary-general in the past and the task is complicated by Western sanctions on Iran heightening political tensions within the group.

“It will be hard for the committee to recommend a candidate,” an OPEC delegate told Reuters. “In my opinion the Saudi candidate is the most qualified, but Iran would never be OK with this.”

OPEC’s 12 members include Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.

A final decision on the winning candidate will be made on December 12 at OPEC next meeting.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
New global oil deal could draw lessons from 1998

New global oil deal could draw lessons from 1998

With oil prices touching their lowest level since 2003, OPEC...

No sign Saudi Arabia will ride to oil market rescue

No sign Saudi Arabia will ride to oil market rescue

Gulf kingdom has few options beyond sticking with a strategy...

Does the Saudi IPO signal the end of the age of oil?

Does the Saudi IPO signal the end of the age of oil?

Saudis may want to capitalise on an asset that’s only going to...

Most Discussed
sponsoredTracking