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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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OPEC

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.

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

Investment-for-energy-security-affordability-and-access-Haitham-AL-GHAIS-OPEC
Interview
Investment for energy security, affordability and access
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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A-cornerstone-of-Kuwaits-economic-prosperity-Imad-AL-ATIQI-Ministry-Of-Oil
Interview
A cornerstone of Kuwait’s economic prosperity
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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bp’s continued commitment to Kuwait TEY_post_-Anar-Aliyev
Interview
bp’s continued commitment to Kuwait
Kuwait - August 01, 2024

Anar Aliyev of bp talks about bp’s long-standing commitment to Kuwait’s hydrocarbons sector.

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Baku Energy Week
Partnered Event
Baku Energy Week
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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