Company: Organisation of the Petroleum Exporting Countries - OPEC
Designation: Secretary general
Occupation: Secretary general
When it comes to oil, OPEC calls the shots. The world’s largest oil cartel oversees two-thirds of global crude reserves and has the final say on output levels, a move that can make or break oil prices — and the energy-rich economies that depend on them. Few posts, then, can be seen as more influential than that of OPEC secretary general, currently held by Libyan Abdalla El Badri.
A familiar face in the Power 100, El Badri has held the top OPEC post for three years — a reign that has seen oil ricochet from a high of more than $100 a barrel in 2008, to under $50 last year.
In the midst of the global financial crash, he has played a key role in holding oil prices steady, walking the line between the demands of OPEC states and the needs of energy-hungry economies hit by recession.
Last week, the group agreed to keep output unchanged for at least another seven months. “The situation in the world economy and the situation in the world prices make it comfortable for everybody,” said El Badri, who has jumped ten places in this year’s list.
El Badri’s former roles include chairman of the vast National Oil Corp (NOC), head of the board at Libya’s Tamoil and president of Arab oil cartel, OAPEC.