Interview
Uganda - September 04, 2020
James Berya Opiyo, an independent consultant, talks to The Energy Year about why Uganda is an attractive destination for oil and gas investment as the world emerges…
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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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Interview
Nigeria - August 17, 2020
Ibilola Amao, principal consultant for Lonadek Global Services, talks to The Energy Year about shifting trends in Nigeria’s hydrocarbons industry, how the financial…
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NEWS
Multinational - August 07, 2020
Oil was down on Friday morning in Asia as some of the biggest oil producing members of the Organization of the Petroleum Exporting Countries and Allies (OPEC+) vouched…
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NEWS
Multinational - July 31, 2020
Oil was up Friday morning in Asia, a day before the Organization of the Petroleum Exporting Countries (OPEC) opens up more production and new data pointed to an…
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Interview
Nigeria - July 30, 2020
Femi Abegunde, deputy chairman of Deloitte in Africa and head of energy and resources for Deloitte in West Africa, talks to The Energy Year about how the public and…
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NEWS
Multinational - July 30, 2020
Oil was mixed on Thursday morning in Asia, with prices rising after the US Energy Information Administration (EIA) recorded a huge draw in crude oil inventories. But…
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NEWS
July 24, 2020
Oil was up on Friday morning in Asia, but increases were limited by demand concerns.
Brent oil futures 0.14% to $43.37 by 10:28 PM ET (3:28 AM GMT) and WTI…
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NEWS
Multinational - July 20, 2020
Oil was down on Monday morning in Asia, as investors continue to be spooked by the ever-increasing number of global Covid-19 cases.
Brent oil futures slid 0.67% to…
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