Al-Ghais officially assumes role of OPEC head - Breaking The News
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Al-Ghais officially assumes role of OPEC head

EPA-EFE/CHRISTIAN BRUNA

Kuwaiti oil executive Haitham al-Ghais officially assumed the office of OPEC secretary general on Monday, the organization confirmed in a press release.

Al-Ghais, who was chosen for the role in January, succeeds Mohammad Barkindo who passed away on July 5.

Ahead of taking office, the Kuwaiti stressed that Russia's membership in OPEC+ is "vital" for the success of the production agreement between the cartel and its allies. Al-Ghais will preside over his first OPEC+ meeting later this week, when producers will discuss their output goals for September.

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