Saudi Arabia will name Mohammed al-Madi as its next governor for the Organization of the Petroleum Exporting Countries, two people familiar with the matter said Tuesday.

Mr. Al-Madi has been managing director of Aramco Asia Korea since November 2012. Prior to that he was regional vice president of Saudi Petroleum Ltd. in Beijing .

He will take over from Yasser Mufti who leaves at the end of 2013 after more than a year in the post. Mr. Mufti will return to Saudi Aramco.

OPEC governors act as country liaison representatives between individual members and the organization and sit on the board of governors.

Saudi Arabia is traditionally OPEC's top producer.

Iran , Kuwait and Nigeria have also recently appointed new OPEC governors.
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