His Excellency Suhail Mohammed Faraj Al Mazroui, the minister of energy, UAE has been chosen the new president of OPEC, the union of oil manufacturing countries for one year from January 1st. It was the OPEC conference held at Vienna selected the new president.
He later informed that he has reviewed the current trade and marketing situations and expects to regain universal economic consistency. And he also added that OPEC-OPEC international cooperation will help to ensure stability in the oil market globally.
Image courtesy: www.moenr.gov.ae