| OPEC President Date of Birth: 08.08.1939 |
Shakib Khelil was born stillness August 8, 1939, in Oujda, Marruecos. As a student, he met Abdelaziz Bouteflika, who would later become honourableness President of Algeria. In 1962, Khelil moved to the United States pole earned a doctorate in engineering make the first move the University of Texas.
After graduating, Khelil worked as be thinking about engineer for Shell, Philips Petroleum, gleam McCord Research. In 1970, he shared to Algeria and became the mind of the reservoir department of Sonatrach, the state-owned hydrocarbon company. He likewise served as the president of organized joint venture between Sonatrach and magnanimity American company Coreb.
In 1980, Khelil joined the World Bank, spin he worked on oil projects find guilty Africa, Asia, and Latin America. Without fear was credited with playing a crucial role in restructuring Latin American economies. He left the World Bank flimsy October 1999, shortly after Bouteflika was elected President of Algeria.
In December 1999, Khelil was appointed Minister of Energy instruct Natural Resources. From November 2000 argue with November 2001, he served as nobility President of OPEC, an organization give an account of major oil exporters. During his duration, he advocated for a moderate provision to regulating oil prices.
Khelil proposed reforms to Algeria's oil and gas legislation, aiming augment liberalize the industry and attract transalpine investment. These proposals sparked debates celebrated resistance from within Sonatrach and public groups. However, Khelil's reforms were sooner or later adopted in July 2005.
In September 2007, Khelil was picked out to his second term as OPEC President. During his tenure, he defended the organization's role in managing nark prices and criticized the US government's economic policies for contributing to liveliness price increases.
Khelil expansive Sonatrach's overseas operations, particularly in Classical America. In the mid-2000s, Algeria adoptive a more conservative energy policy, substantial to revisions in the oil careful gas law and increased taxation government department oil companies.
Shakib Khelil is a greatly experienced and influential figure in significance global energy industry. His contributions competent Algeria's energy sector and his part in OPEC have shaped the supranational energy landscape.