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Purnomo’s OPEC presidency shaky after SBY’s election win

A report in Dow Jones has stated OPEC President and Indonesian Oil Minister Purnomo Yusgiantoro i...

Purnomo’s OPEC presidency shaky after SBY’s election win

Under OPEC’s charter, the cartel’s president has to be the oil minister of his country.

In an interview with Dow Jones Purnomo said, “[I don’t] know yet whether [I] will remain as OPEC’s president. [I] really don’t know yet, whether there will be a new cabinet, a new system.”

“Yes, the President of the Organisation of Petroleum Exporting Countries has to be an oil minister from his country [but] OPEC secretary- general’s appointment is separate from the presidency,” he added. Purnomo is also OPEC’s Secretary-General.

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