Former Libyan Oil Minister To Continue Oil Duties
Former Libyan Oil Minister Abdullah Salem el-Badri is expected to continue to supervise energy policy and to attend OPEC meetings as the top Libyan representative, cartel and industry sources said on October 6th.
El-Badri was named deputy prime minister for services affairs on October 1st in a cabinet reshuffle orchestrated by the General People’s Congress (GPC). The GPC gave no indication of the reasons for the new appointments to many key positions in the government, but it is believed that they complete the reorganization of the cabinet begun in March and July.
El-Badri was named chairman of the National Oil Co. (NOC) on March 9th after the energy ministry was demolished on March 1st. He had served as Libya’s oil minister for 10 years and had also held the post of OPEC secretary general in 1994.
Oil firms investing in Libya were worried that el-Badri’s new appointment, which was billed as a promotion by the government but included no mention of his continued involvement in oil policy, would negatively impact the country’s energy sector. Insiders have suggested that Ahmed Abdel-Karim, a member of NOC’s board of directors and acting chairman in el-Badri’s absence, will most likely succeed him in a move that should limit major personnel changes within the company.
Libya also announced on October 4th that it had nominated Shokri Ghanem for the position of OPEC secretary general, the cartel’s highest administrative post. Ghanem is currently deputy secretary-general and was nominated as a compromise candidate in the hopes of ending a year-long stalemate over who will succeed Nigeria’s Rilwanu Lukman.