Iran blocks Saudi from taking OPEC top slot

Kuwaiti Oil Minister Saud Nasser Al-Sabah last week disclosed that Iraq blocked Saudi Arabia's candidate, Suleiman Jasir Al-Herbish, from being elected secretary general of the Organization of Petroleum Exporting Countries.He said the other 10 OPEC nations supported Al-Herbish to succeed Rilwanu Lukman during the group's meeting last weekend in Vienna. OPEC subsequently named Alí Rodríguez Araque, Venezuela's minister of energy and mines and the current OPEC president, as the new secretary general (see related story, this page).Al-Sabah's commentsAl-Sabah questioned whether Iraq should be permitted to exercise the rights of full membership in OPEC after vetoi...

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