Interview
Guyana - June 23, 2020
Ian Cloke, executive vice-president of Tullow Oil, talks to The Energy Year about the company’s African asset sales, how Covid-19 has impacted operations and the…
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BACK TOCOMPANIES
OPEC
H.E. Haitham AL GHAIS
Secretary-General
OPEC
Saudi Arabia’s strategic vision and commitment to collaboration will undoubtedly continue to play a key role in OPEC’s ability to navigate the evolving global energy landscape.
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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
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Multinational - June 22, 2020
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Multinational - June 19, 2020
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Multinational - June 18, 2020
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Multinational - June 17, 2020
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Multinational - June 16, 2020
Oil was down on Tuesday morning in Asia, giving up some of its gains from the previous session over investor fears that the ever-increasing number of Covid-19 cases…
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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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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.
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