Interview
Nigeria - June 15, 2020
Engr. Sarki Auwalu, director and CEO of Nigeria’s Department of Petroleum Resources (DPR), talks to The Energy Year about how the country is strategically…
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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
Multinational - June 15, 2020
Oil was down on Monday morning in Asia amid increasing fears of a second wave of Covid-19 virus cases in several countries.
Brent oil futures fell 3.16% to $37.72 by…
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Interview
Indonesia - June 11, 2020
Gary Selbie, president-director of Premier Oil Indonesia, talks to The Energy Year about how the company kept its offshore operations going after the Covid-19 pandemic…
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Interview
Kuwait - June 11, 2020
Assaf Al Salem, managing director of Al Tharwa Al Muttahida General Trading & Contracting, talks to The Energy Year about the strength of Kuwait’s economy, its…
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NEWS
Multinational - June 10, 2020
Oil was down on Wednesday morning in Asia, giving up some gains from the previous session.
Brent oil futures were down 0.12% to $40.65 by 9:45 PM ET (2:45 AM GMT),…
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NEWS
Multinational - June 09, 2020
Oil was up on Tuesday morning in Asia, slowly gaining back some of its losses from the previous session, as investors digest Saudi Arabia’s unexpected U-turn on…
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NEWS
Multinational - June 08, 2020
Oil was up on Monday morning in Asia, after OPEC extended its existing production cuts into July on Saturday, with output to be cut by 9.6 million barrels next…
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NEWS
Multinational - June 05, 2020
Oil was down on Friday, giving up its gains from the previous session over uncertainty as to whether OPEC will commit to extending future production cuts after the…
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NEWS
Multinational - June 04, 2020
Oil was down on Thursday morning in Asia, after swinging between gains and losses during a volatile previous session.
Brent oil futures slid 1.26% to $39.29 by…
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