NEWS
Equatorial Guinea - March 05, 2018
Equatorial Guinea and Mozambique will work together in oil and gas industry matters, local media reported over the weekend.
Mozambique’s Minister of Mineral…
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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 - March 02, 2018
Crude oil prices remained lower on Friday, hovering near multi-week troughs amid ongoing concerns over U.S. production levels and fresh worries over U.S. protectionist…
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NEWS
Angola - February 28, 2018
Sonangol head Carlos Saturnino said Wednesday that the Angolan NOC’s debt was USD 4.9 billion.
Speaking at the firm’s annual press conference, Saturnino added…
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NEWS
Ecuador - February 28, 2018
Ecuador will add four mature onshore oilfields and the Amistad offshore gasfield to an auction scheduled for March, international media reported on Tuesday.
The…
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NEWS
Multinational - February 27, 2018
Crude oil prices slipped lower on Tuesday, ahead of this week’s U.S. supply reports but the commodity remained within close distance of recent mutli-week highs amid…
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NEWS
Multinational - February 26, 2018
Crude oil prices pulled back but remained within close distance of two-week highs on Monday, still helped by news Saudi Arabia plans to continue cutting output levels…
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NEWS
Multinational - February 21, 2018
Crude oil prices remained lower on Wednesday, weighed by U.S. dollar strength and amid growing caution ahead of this week’s U.S. supply data.
The U.S. West Texas…
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Interview
Indonesia - February 21, 2018
Daniel Wieczynski, president-director of ExxonMobil, talks to TOGY about the company’s current operations, the ease of doing business in Indonesia and how the company…
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NEWS
Multinational - February 19, 2018
Crude oil prices continued to hover at more than one-week highs on Monday, supported by tensions in the Middle East and global supply cut efforts, although concerns…
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