 "The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria"){kind=logo}
Being hit by U.S. sanctions isn’t ideal when you’re representing a global oil institution, but history shows it’s manageable.
Venezuelan Oil Minister Manuel Quevedo, who this year holds the rotating presidency of OPEC, has just been sanctioned by the U.S. Treasury Department for his ties to President Nicolas Maduro. That means any American assets he owns will be blocked and dealings with U.S. persons forbidden.
While it might be personally problematic for Quevedo, who also heads state-owned oil giant PDVSA, his role as OPEC president probably won’t be affected.
The organization is more directly represented by its secretary-general, currently the Nigerian Mohammad Barkindo.
