Iran Elected as Permanent Member of IEF’ Executive Committee

Iran’s governor for OPEC Mohammad Ali Khatibi reported of signing a new charter for International Energy Forum (IEF).

It’s worth mentioning that Islamic Republic of Iran elected as the permanent member of the Forum’s executive committee.

According to the report of the public relations of the NIGC, he said that 87 members out of 90 members of the IEF signed the new charter, which aims to adapt the forum function with contemporary developments in oil market, in an extraordinary meeting of the forum in Riyadh on 22 February 2011.

Referring to changing rules of election of the executive committee members of the forum as one of its positive points, Khatibi remarked that under the new changes, the number of executive committee members have increased from 15 to 31.

He stated that Iran as the third biggest oil and gas producer of the world after Saudi Arabia and Russia became the new permanent member of the forum’s executive committee.

According to Khatibi, based on the new changes, the eleven largest oil and gas consumers and the eleven largest oil and gas producers of the world plus Saudi Arabia as the headquarters of the International Energy Forum’s secretariat are permanent members of the executive committee and the other eight members are being elected on a rotating basis from within those countries which would act as a host and other members of the forum.

Ministerial meeting of the International Energy Forum with the aim of analyzing the energy market and the official signing of the charter was held in Riyadh on 22 February 2011.

[mappress]

Source: NIGC, February 28, 2011;