His position as secretary general of the Organisation of the Petroleum Exporting Countries (OPEC) makes Abdullah Al Badri an extremely powerful man.
Oil has dropped drastically from $147 last year to below $50, but Al Badri could shape prices if he, say, cut production levels — not that he has any intention of doing so.
When speaking to reporters recently, Al Badri said he wanted to keep oil prices at around $44 a barrel in what some commentators believe is an attempt to appease US president Barack Obama.
“I don’t want to say that I voted for Obama, but we can see a different tone ... that we didn’t see in the past,” Al Badri said.
Aside from his duties with OPEC, Al Badri is chairman of the vast National Oil Corporation (NOC) and its governing council.
In addition, he has served significant periods on the management teams of several major Arab oil companies.
In his role as boss of NOC, he has been paramount in deciding whether to open up Libya to foreign investment.
Now, as OPEC secretary general, Al Badri is playing a key part in steering member countries towards pricing controls.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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