The Organization of Petroleum Exporting Countries (OPEC) has, for the first time, appointed a woman as its president. Nigeria’s Minister of Petroleum Resources, Ms. Diezani Alison-Madueke, was elected at the 166th General Meeting of the organization today (Thursday) in Vienna, Austria.

Alison-Madueke, who has been OPEC’s Alternative President since January 1st, will serve a 12-month term as President of OPEC, replacing Libyan Deputy Prime Minister for Corporations Abdourhman Atahar Al-Ahirish.