The 189th (Ordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened yesterday, 10 December 2024.
The Conference elected Mohsen Paknejad, Oil Minister of Iran, as President of the OPEC Conference for one year, effective 1 January 2025, and Hayan Abdulghani Abdulzahra Alsawad, Deputy Prime Minister for Energy Affairs and Minister of Oil of Iraq, as Alternate President for the same period.
The Conference appointed Mr Ademola Adeyemi-Bero, Governor of Nigeria for OPEC, as Chairman of the Board of Governors for the year 2025, and Adeeb Al-Aama, Governor of the Kingdom of Saudi Arabia for OPEC, as Alternate Chairman for the same period.
The Conference reviewed the Secretary General’s report and the report of the Economic Commission Board (ECB), as well as various internal matters.
The Conference renewed the term of office for Mr Haitham Al Ghais as Secretary General of OPEC for a further period of three years with effect from 1 August 2025.