Nigeria’s Minister of Petroleum Resources Diezani Alison-Madueke has been announced as the new President of the Organisation of Petroleum Exporting Countries (OPEC).

She was elected today at the ongoing 166th General Meeting of the OPEC in Vienna, Austria.

She replaces former president of OPEC, Libyan Vice Prime Minister for Corporations, Abdourhman Atahar-Ahirish. She was elected for one year and is expected to immediately resume office.