Nigeria nominates Barkindo to replace El-Badri at OPEC

Delegates with the Organization of the Petroleum Exporting Countries (OPEC) have said Nigeria has nominated the former chief of its state oil company, Nigerian National Petroleum Corp. (NNPC) to be the next secretary-general of OPEC, potentially ending a deadlock over the cartel’s leadership,Nasaq reports.

The nomination of Mohammed Barkindo was put forward in recent days by Nigeria to replace Abdalla Salem el-Badri as OPEC’s secretary-general, the delegates said. Mr. Badri has led OPEC for over nine years and was supposed to leave at the end of 2012, but the cartel couldn’t reach a consensus on a replacement.

The nomination comes at a critical time for OPEC, which is grappling with divisions among its 13 member nations over how to deal with the collapse in global oil prices.

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