OPEC Discusses Criteria for New Secretary-General, El-Badri Says

OPEC members debated the criteria needed for their next secretary-general and still have three candidates for the role, according to Abdalla El-Badri, who currently holds the post.

The Organization of Petroleum Exporting Countries, which supplies about 40 percent of the world’s oil, maintained its group ceiling of 30 million barrels a day for a third time at a meeting today in Vienna. The 12-nation group will next gather on Dec. 4 to select a candidate for its top administrative job, according to El-Badri.

“There is a discussion about the criteria of a secretary-general,” he said at a press conference at the end of the group’s meeting. “Any secretary-general who will come, there must be criteria, where the OPEC secretariat will not get lost finding a secretary-general.”

Libya’s El-Badri held the post for six years before agreeing in December to stay on for one more year because the group couldn’t agree on his successor.

Saudi Arabia, the group’s biggest producer, nominated its former OPEC governor, Majid al-Moneef for the job. Iran, which dropped to the fifth rank in the group because its exports have been curbed by U.S. and European Union sanctions, selected Gholamhossein Nozari, a former oil minister. Iraq, the second-largest member, is fielding Thamir Ghadhban, another former oil minister and the chief adviser to the prime minister.

To contact the reporters on this story: Konstantin Rozhnov in London at krozhnov@bloomberg.net; Nayla Razzouk in Dubai at nrazzouk2@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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