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OPEC appoints Kuwait’s Haitham Al Ghais as new secretary general

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Organization of the Petroleum Exporting Countries (OPEC) has appointed Kuwaiti oil executive Haitham Al Ghais as its new secretary-general, as demand for oil continues to improve amid a mild recovery from the coronavirus pandemic. Al Ghais, a veteran of the Kuwait Petroleum Corporation and Kuwait’s Opec governor from 2017 to June 2021, will take the group’s reins in August, replacing Mohammad Barkindo.

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The move comes as the oil exporters’ group and its allies prepare to decide on a future course for oil production. Opec+ is expected to stick to the plan and increase production by 400,000 barrels per day in February.

Important takeaways for all competitive exams:

  • OPEC Headquarters: Vienna, Austria;
  • OPEC Founded: September 1960, Baghdad, Iraq.

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