Interview
Angola - January 18, 2021
Nina Birgitte Koch, managing director of Equinor Angola, talks to The Energy Year about how Angola’s energy players have navigated Covid-19, the latest on the…
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BACK TOCOMPANIES
OPEC
H.E. Mohammad Sanusi BARKINDO
Secretary General
OPEC
OPEC remains fully engaged and supportive of the UNFCCC and the Paris Agreement.
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A fine balance
OPEC is an international organisation that was established in Baghdad in September 1960. Today it is headquartered in Vienna, Austria. It co-ordinates and unifies the petroleum policies of its members. OPEC sets production targets for its member nations and is an important factor affecting global oil prices. Iran is one of the five founding members of the organisation.
- Leadership: OPEC’s secretary-general is Haitham Al-Ghais a Kuwaiti oil official who is a veteran fo the industry.
- Members: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Republic of Congo, Saudi Arabia, the UAE, Venezuela
OPEC+, a designation that adds 10 non-OPEC members including Russia, reached a deal in September 2016 to cut approximately 1 million bopd of production. The deal was extended several times and deepened to 7.7 million bopd for August-December 2020.
Company website: www.opec.org
OPEC in figures
Years active as of 2020:60
Number of member states:13
OPEC features
Interview
Kuwait - August 13, 2024
H.E. Haitham Al Ghais of OPEC talks about adjusting oil supply to foster stability in global markets.
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Interview
Kuwait - August 08, 2024
Kuwaiti Minister of Oil H.E. Imad Al Atiqi talks about the pillars of the ministry’s 2024-2028 roadmap for Kuwait’s oil…
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Interview
Kuwait - August 01, 2024
Anar Aliyev of bp talks about bp’s long-standing commitment to Kuwait’s hydrocarbons sector.
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Partnered Event
Azerbaijan - June 4-6, 2024
The Baku Energy Week encompasses three prestigious events: the 29th International Caspian Oil and Gas Exhibition - Caspian…
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NEWS
Nigeria - January 15, 2021
The Nigerian National Petroleum Corporation has said it is complying with OPEC+ “compensation cuts” but will boost condensate production to make up for reduced oil…
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NEWS
Multinational - January 11, 2021
Oil was down Monday morning in Asia over renewed fuel demand worries as ever-rising numbers of global Covid-19 cases see more countries, most recently in China and…
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NEWS
Multinational - January 08, 2021
Oil was up Friday morning in Asia, with Saudi Arabia’s pledge of voluntary production cuts boosting the market even as worries over declining fuel demand due to…
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NEWS
Multinational - January 07, 2021
Oil was up Thursday morning in Asia, steadying as the focus moved from the chaos in Washington DC to the likelihood of tighter fuel supplies in the wake of Saudi…
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NEWS
Multinational - January 06, 2021
Oil was up Wednesday morning in Asia, with an unexpected pledge from Saudi Arabia to cut crude output further by one million barrels a day in February continuing to…
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NEWS
Multinational - January 05, 2021
Oil was down Tuesday morning in Asia, as the Organization of the Petroleum Exporting Countries and allies, or OPEC+, continues deadlocked talks on February…
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NEWS
Multinational - December 18, 2020
Oil was down on Friday morning in Asia, with ever-rising numbers of Covid-19 weighing on fuel demand and the US Congress continuing negotiations for a $900 billion…
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NEWS
Multinational - December 17, 2020
Crude oil prices rose to fresh nine-month highs on Thursday as the prospect of a stimulus package in the US and a free trade deal between the EU and U.K. underpinned…
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