Thursday, October 14, 2010

Iran Oil Minister Elected OPEC President

Iranian Oil Minister Masoud Mirkazemi has been unanimously elected the next president of the Organization of the Petroleum Exporting Countries (OPEC). His term starts in 2011. This is the first time in 36 years that Iran would assume the rotating presidency of OPEC. The organization comprises of Algeria, Angola, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE, and Venezuela.

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