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Opec to meet on Monday to discuss new top official, says sources
A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. u00e2u20acu201d Reuters pic

LONDON, Jan 3 — Opec ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, two Opec sources said, with Kuwait's candidate for the job holding widespread support from the group.

Haitham al-Ghais, a former Kuwaiti governor to the Organization of the Petroleum Exporting Countries, is the only candidate for the role, Opec sources have said.

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Current Opec Secretary General Mohammad Barkindo of Nigeria, who helped clinch a deal with non-Opec producers such as Russia to cut global oil output to balance the market, is due to step down at the end of July once his second three-year term ends.

Opec and its allies, known as Opec+, is due to hold a separate meeting on Tuesday to decide output policy.

Opec+, which is unwinding record output cuts made last year, is likely to stick to existing policy and confirm an output increase of 400,000 barrels per day in February. — Reuters

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