elected as President of the Organisation of Petroleum Exporting
Countries (OPEC).
Alison-Madueke's election as President of OPEC took place on Thursday
at the ongoing 166th ordinary meeting of the Organisation, taking
place in Vienna, Austria.
She becomes the first female to be elected into that position, and
replaces Libya's Vice Prime Minister for Corporations, Abdourhman
Atahar Al-Ahirish, who was occupying the position.
Before her election, Mrs Alison-Madueke was the alternate president of
OPEC and is expected to immediately begin to serve her one-year term
at the helm of OPEC affairs.
It is expected that OPEC, during its ongoing 166th meeting, would make
key decisions that could halt the dwindling price of crude oil.
Diezani K. Alison-Madueke, born 6 December 1960, became Nigeria's
Minister of Transportation on July 26, 2007. She was moved to Mines
and Steel Development in 2008, and in April 2010 was appointed
Minister of Petroleum Resources.
In accordance with its Statute, the mission of the Organization of the
Petroleum Exporting Countries, OPEC, is to coordinate and unify the
petroleum policies of its Member Countries and ensure the
stabilization of oil markets in order to secure an efficient, economic
and regular supply of petroleum to consumers, a steady income to
producers and a fair return on capital for those investing in the
petroleum industry.
--ChannelsTV
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