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Friday, 28 November 2014

CURRENT AFFAIRS: Nigeria’s Petroleum Minister, Alison-Madueke Elected First OPEC Female President


The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has been elected the first female president of the Organisation of Petroleum Exporting Countries (OPEC). Alison-Madueke was shortly elected President of OPEC at the ongoing 166th General Meeting of the body in Vienna, Austria. She replaces former President of OPEC, Libyan Vice Prime Minister for Corporations, Abdourhman Atahar Al-Ahirish. She was before her election the alternate president of OPEC and is expected to immediately begin to serve her one-year term at the helm of OPEC affairs.

OPEC is expected to at the 166th meeting, take key decisions that could halt the dwindling price of crude oil. Al-Ahirishhad in his opening remarks before the closed door meeting stated that ample supply, moderate demand, a stronger US dollar and uncertainties about global economic growth have been key factors in the recent price trend.

This he noted was in addition to the impact of speculative activities in the oil market.

COMMENTS

CONGRATSSS

Anozie Chibuzo Anozbank

Women r nt gud in leadership position.

Polycarpz Igboon

Just waitin for the day she will file for divorce............then.....

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