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Commodities Briefing - Categorized | Market Moves, Oil more

Iran elected to OPEC presidency

Posted on 15 October 2010

From RTTNews: Iran will assume the rotating presidency of the 12-member Organization of Petroleum Exporting Countries (OPEC) next year after being unanimously elected to the post, Saudi Arabia’s oil minister Ali al-Nuaimi said Thursday.
Iran has been elected to the cartel’s rotating presidency for the first time in 36 years. The announcement was made after the 157th session of the oil cartel’s ministerial meeting, which was held in Vienna on Thursday……………………………………….Full Article: Source

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