Algeria's OPEC Governor Appointed New GECF Secretary-General

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
TT

Algeria's OPEC Governor Appointed New GECF Secretary-General

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic

Algeria's OPEC governor Mohamed Hamel has been appointed secretary general of the Gas Exporting Countries Forum (GECF), replacing Russia's Yury Sentyurin, Algerian national news agency APS said on Wednesday, quoting the energy ministry.

Hamel, who became Algeria's OPEC governor in 2015, will step down from his current role at the end of the year, according to a source with direct knowledge of the matter. A replacement is yet to be announced.

The GECF is a grouping of 11 gas producing countries, including Russia, the world's biggest gas exporter set up to increase coordination and strengthen collaboration among its members. The coalition says it represents 70% of proven gas reserves, 44% of its marketed production and 51% of liquefied natural gas exports across the globe.

Hamel previously served as vice president of strategy and planning at state-owned Algerian energy company Sonatrach, Reuters reported.

He was senior adviser to then OPEC secretary general Abdalla Salem El-Badri from 2010 to 2014 and head of energy studies at the organization from 2002-2009.

He also chaired the high level committee of the Algiers Accord which paved the way for the historic Declaration of Cooperation in December 2016, creating an alliance of OPEC and non-OPEC producers led by Russia, known as OPEC+.



Saudi Arabia Plans Promotion Campaign in Kuwait

The Saudi Export Development Authority’s pavilion at an exhibition (Export Development Authority website)
The Saudi Export Development Authority’s pavilion at an exhibition (Export Development Authority website)
TT

Saudi Arabia Plans Promotion Campaign in Kuwait

The Saudi Export Development Authority’s pavilion at an exhibition (Export Development Authority website)
The Saudi Export Development Authority’s pavilion at an exhibition (Export Development Authority website)

The Saudi Export Development Authority is scheduled to begin a promotion campaign in Kuwait from September 29 until October 1 as part of a broader strategy to enhance national service export opportunities through targeted market access tours.
According to the Authority, the tour will feature a series of visits for leading national companies across various sectors, including logistics services, communications and information technology, consulting, and medical services.
These companies will showcase their offerings to both government and private entities in Kuwait, fostering increased trade between the two nations.
The tour is also expected to bolster the presence of Saudi non-oil products and services in the Kuwaiti market, where Saudi exports exceeded 3.7 billion Saudi rial ($986.36 million) in the first half of 2024.
Saudi Exports spokesman Thamer Al-Meshrafi said that through the tour in the Kuwaiti market, the Authority aims to establish links between the Saudi exporters and the Kuwaiti importers and facilitate mechanisms of the non-oil exports to Kuwait.
Al-Meshrafi added that the overall Saudi service experts in 2023 hit 182 billion riyals ($479 million), rising by 40% as compared to the previous year.
Several prominent national companies from the services sector will participate in the tour alongside representatives from four government agencies: the Zakat, Tax, and Customs Authority; the Digital Government Authority; the Transport General Authority; and the Saudi Contractors Authority.