Lukman was elected as OPEC secretary-general
Abdullah al-Badri, who greeted the OPEC president on his arrival in Vienna, said it was too soon to say whether OPEC might consider changing its output ceiling when it next meets in September.
If we have about 80 per cent (compliance), then we still need about 800,000 bpd to cut," Opec secretary-general
Abdullah Al-Badri said.
Abdullah Al Badri, earlier called for tighter regulation of oil markets to reduce the amount of speculative investment, but did not give more details of how that could be achieved.
Before Ali Rodriguez of Venezuela became OPEC secretary-general
in January 2001, Ghanem used to head the secretariat on interim basis when Rilwanu Lukman was absent.
Al-Omair noted that his is in contact with the OPEC Secretary-General
Abdullah Salem Al-Badri to keep abreast with the developments and the outlook of the oil market, noting that the OPEC member states have a common interest in stopping or reversing the downward trend of the prices.
Summary: TEHRAN (FNA)- Iranian Oil Minister Rostam Qassemi said Tehran is determined to get the post of OPEC secretary-general
Abdullah al-Badri said the producers would next meet on October 14 in Vienna, pushing back slightly from the usual September slot.
A slowing global economy would not impact demand in the short-term or lead to a price collapse, Opec Secretary-General
Abdullah Al Badri said.
During a visit to Iran OPEC Secretary-General
Abdullah al-Badri told that "oil supply to the market is enough and high oil prices are not due to a shortage of crude but rather it is because of the decrease in the dollar`s value, shortage of refinery capacity and some political tensions in the world".
Rilwanu Lukman: An ex-oil minister, diplomat and former OPEC secretary-general
, Lukman now is the most powerful man in the petroleum sector next to President Yar'Adua.
He has a rapport with OPEC Secretary-General
Alvaro Silva, who does not speak English but enjoys his Spanish with Yusufov.