The Conference of the Organisation of Petroleum Exporting Countries, OPEC, has appointed Nigeria’s Mohammed Barkindo as its new Secretary General at a recent meeting in Vienna, Austria.

Barkindo, who will resume August 1, is the former head of the Nigerian National Petroleum Corp, NNPC. He will replace Libyan Abdalla El-Badri, who held the position since 2007.

From its inception in 1960, only 3 other Nigerians have held the position of Secretary General of OPEC. They include M.O. Feyide, Edmund Daukoru and Rilwanu Lukman who was twice appointed to the post.

The appointment comes at a time when there is an increasing debate on whether Nigeria should remain a member of the organisation at all, given OPEC’s reduced impact since the ’60s, failure to stabilize oil price and production quotas that do not always favour Nigeria’s national policy and immediate needs.

Author: Cerebral Lemon