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Algeria to assume Opec presidency in 2020

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Algeria will assume presidency of Opec in 2020, the group said at its ministerial meeting at its headquarters in Vienna on 5 December.

Opec follows an annually-rotating presidency model, as part of which the presidency will pass on to Algeria from current owner Venezuela.

“I wish my successor, H E Mohamed Arkab, Algeria’s Minister of Energy, the best of luck for 2020,” Venezuela’s oil minister Manuel Salvador Fernandez, who has been Opec’s president this year, said at the syndicate’s meeting.



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