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
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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 Chambers Federation Asks Companies to Benefit from Temporary Admission System for Goods

The King Abdullah Economic City Port in Saudi Arabia. (Asharq Al-Awsat)
The King Abdullah Economic City Port in Saudi Arabia. (Asharq Al-Awsat)
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Saudi Chambers Federation Asks Companies to Benefit from Temporary Admission System for Goods

The King Abdullah Economic City Port in Saudi Arabia. (Asharq Al-Awsat)
The King Abdullah Economic City Port in Saudi Arabia. (Asharq Al-Awsat)

The Saudi Chambers Federation is making rapid efforts to ensure that all local companies and institutions can benefit from this international customs system after Saudi Arabia issued its first ATA Carnet (Temporary Admission Document) last week.

The ATA Carnet is an international customs document issued by an authorized chamber of commerce. It simplifies customs procedures for the temporary admission of various types of goods into countries that are part of the international ATA Carnet guarantee chain, without restrictions, duties, or taxes.

According to information available to Asharq Al-Awsat, the Saudi Chambers Federation has informed all companies and institutions that the federation’s ATA Carnet unit will now be accepting service requests from interested parties.

This step follows the federation's acceptance as an issuing and guaranteeing body for the ATA Carnet, granting carnet holders exemption from customs duties and taxes in member countries’ customs checkpoints.

On Thursday, the Saudi Chambers Federation announced the issuance of the first ATA Carnet since the system was officially implemented. Saudi Arabia has now become the 80th country globally to adopt this international customs system.

In June, the Saudi Zakat, Tax, and Customs Authority announced that it would start accepting ATA Carnets across all its land, sea, and air customs points. The move is part of the Kingdom’s commitment to the Istanbul Convention, which supports the business sector and bolsters Saudi Arabia’s position as a global destination for events, exhibitions, and activities.

The authority added that accepting the ATA Carnet is a positive step toward enabling the growth of the international events, exhibitions, and conferences sector. It also supports efforts to attract global exhibitions and conferences while adhering to international best practices and boosting the country’s status as a global destination for economic, tourism, and entertainment events.

The goods eligible for temporary import under the ATA Carnet include items intended for display or use at exhibitions, markets, meetings, or similar events, professional equipment, containers, pallets, packing materials, samples, and other goods related to commercial processes. It also applies to goods imported for educational, scientific, or cultural purposes.