Kuwait appoints Mohammad al-Shatti as new OPEC governor

Al-Shatti has been the Organization of the Petroleum Exporting Countries (OPEC) national representative and a member of the Gulf Arab oil producer's OPEC delegation for more than a decade

  
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria December 5, 2018.

The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria December 5, 2018.

REUTERS/Leonhard Foeger

DUBAI  - Kuwait has appointed Mohammad al-Shatti as its new OPEC governor, replacing Haitham al-Ghais, according to OPEC's website on Wednesday.

* Al-Shatti has been the Organization of the Petroleum Exporting Countries (OPEC) national representative and a member of the Gulf Arab oil producer's OPEC delegation for more than a decade.

* Al-Ghais has been appointed as deputy managing director of international marketing at state-owned Kuwait Petroleum Corporation (KPC). He had been previously in charge of KPC's regional offices in Beijing and London before becoming OPEC governor in 2017.

* Kuwait has also named Sheikh Abdullah al-Sabah, who comes from KPC's marketing team, as its new OPEC national representative, according to the OPEC website.

* Kuwait is a member of the OPEC and non-OPEC Joint Ministerial Monitoring Committee (JMMC), established to monitor compliance with the global pact to manage oil supply.

* The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is returning 2.1 million barrels per day (bpd) to the market from May through July as part of a plan to gradually unwind last year's record oil output curbs, as demand recovers from the pandemic.

* OPEC+ meets next on July 1.

(Reporting by Rania El Gamal; Editing by Rashmi Aich) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: @RaniaElGamal10))


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