LOC15:54
12:54 GMT
Kuwaiti Ambassador to Austria and its Permanent Representative at the UN Headquarters in Vienna Sadiq Marafi
VIENNA, Jan 5 (KUNA) -- Kuwaiti Ambassador to Austria and its Permanent Representative at the UN Headquarters in Vienna Sadiq Marafi said on Wednesday that choosing the State of Kuwait to lead OPEC Secretariat reflected its unique role in the global oil market.
In a statement to KUNA, he said that the appointment of the new Secretary General of OPEC, Kuwait's Haitham Al-Ghais, revealed that the status of the country and its huge role in OPEC solidify its organization's role in decreasing impact of geopolitical factors on the oil market and help stabilize the prices.
Kuwait also had meditating role in solving issues within OPEC in the past 60 years, Marafi added.
Moreover, he pointed out the selection of Al-Ghais was due his expertize within the market, noting that he was deputy managing director for International Marketing at KPC.
Al-Ghais also chaired the Joint Technical Committee [JTC] of the Declaration of Co-operation [DoC] in 2017 and subsequently served as a member of the JTC until June 2021.
Al-Ghais has three decades experience in the oil market and he will take assume his post at OPEC in August, Marafi indicated.
Al-Ghais will succeeded former OPEC Secretary General Nigeria's Mohammed Barkindo. (end)
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