The new secretary-general of the Organisation of Petroleum Exporting Countries (OPEC) is likely to come from Iran or Iraq after the Saudi Arabian candidate reportedly pulled out.
Majid al-Moneef withdrew his candidacy to be the face of OPEC after he was promoted to secretary-general of Saudi Arabia’s Supreme Economic Council on Monday, Bloomberg reported.
It is not known whether Saudia Arabia will put forward a new candidate before OPEC next meets on May 31.
The organisation had failed to appoint a new secretary-general at its December meeting, leaving Libya’s Abdalla El-Badri in the role for another year.
Read more: http://www.arabianbusiness.com/saudi-candidate-out-of-opec-top-job-race-report-489223.html
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