NEWS
Angola - February 14, 2017
On Monday, OPEC’s monthly production report revealed that Angolan oil output had once again surpassed Nigeria’s in January.
Angola produced more than 1.65…
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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 - February 13, 2017
An OPEC report released Monday predicts robust growth in oil demand over 2017.
“World oil demand in 2016 continued its healthy performance for the second year,…
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NEWS
Multinational - February 13, 2017
OPEC members’ oil production went down 1 million bopd to 32.1 million bopd in January, with a remarkable 90% compliance rate. According to a deal reached in November…
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Interview
Angola - February 07, 2017
TOGY talks to Pedro Godinho, the president of Aker Solutions Enterprises (Aksel), about the direction oil prices are moving and the impact of production cuts as well as…
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NEWS
Qatar - February 07, 2017
Qatar, “very comfortable” after an output reduction deal between OPEC and non-OPEC producers drove oil prices up in recent months, is considering aggressive…
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Interview
USA - February 06, 2017
TOGY talks to Ryan Sitton, commissioner of the Railroad Commission of Texas (RRC). The Railroad Commission of Texas regulates the exploration, production and…
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Interview
Iran - February 02, 2017
Iran came to the table with regional rival Saudi Arabia and agreed to cap its oil output at around 3.8 million bopd in November 2016, following months of negotiations…
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Interview
Nigeria - February 01, 2017
TOGY talks to Samuel Dossou-Aworet, chairman and founder of Petrolin, about the company’s Backbone project, attracting financing and investors, and the foundation of…
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NEWS
USA - February 01, 2017
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al Falih on Wednesday heaped praise on US President Donald Trump’s energy policies, saying…
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