NEWS
Oman - April 18, 2016
Omani Minister of Oil and Gas Mohammed Al Rumhy has offered to facilitate further discussions on freezing oil output after talks to that end in Doha on Sunday failed to…
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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
- April 18, 2016
Oil futures plummeted by as much as 6% on Monday morning after OPEC and non-OPEC producers gathered in Doha on Sunday failed to reach an agreement to cap oil output. US…
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NEWS
- April 15, 2016
News about Iranian Oil Minister Bijan Zanganeh reportedly not attending the April 17 meeting of OPEC and non-OPEC members in Doha pushed oil prices down early on…
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NEWS
USA - April 06, 2016
Oil prices continued to rise this morning after climbing Tuesday on reportedly reduced inventories in the USA and an upbeat message from Kuwait’s OPEC governor, Nawal…
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Interview
Egypt - March 30, 2016
Hugh Fraser, a partner at Andrews Kurth law firm, talks to TOGY about the forces shaping demand for legal advice in Egypt’s energy market, the vital role joint…
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NEWS
Qatar - March 22, 2016
Qatar, host of the April 17 Doha meeting of OPEC and non-OPEC producers, on Tuesday formally invited the 12 other member countries, a statement by the Ministry of…
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NEWS
Qatar - March 16, 2016
Mohammed bin Saleh Al Sada, Qatari minister of energy and industry and current president of OPEC, has called for a meeting of OPEC and non-OPEC producers in Doha on…
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Interview
Abu Dhabi - March 11, 2016
OPEC secretary-general Abdalla Salem El Badri talks to TOGY about how member countries can remain competitive in the current market climate of continuing oil price…
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