IEA’s New Head Says He Will `Avoid Confrontation,’ Help OPEC

The International Energy Agency will avoid confrontation with OPEC and help oil-rich nations cut dependence on earnings from crude, the agency’s next executive director said.

“Confrontation won’t resolve anything,” said Nobuo Tanaka, 56, a former Japanese diplomat who has been chosen to replace Frenchman Claude Mandil in September 2007. “Dialogue will help the two sides get mutual benefits.”
Bloomberg