Connect with us

Africa

Marking the End of An Era: OPEC Secretary General Barkindo Served with Distinction (By NJ Ayuk)

Published

on

  Barkindo never shied away from visiting leaders around the world and advocating for abundant cheap and reliable energy JOHANNESBURG South Africa January 13 2022 APO Group By NJ Ayuk Executive Chairman African Chamber of Energy EnergyChamber org Many will agree that OPEC Secretary General HE Mohammed Barkindo walks in the same shoes as the late world leaders Kofi Annan who served as United Nations Secretary General and former Minister Dr Rilwanu Lukman Nigerian and Secretary General of OPEC who has been described as one of the most influential and respected ambassadors of the oil industry Barkindo throughout his tenure in OPEC fought the good fight finished his career and kept the faith After six years of what can best be described as remarkable leadership he will hand over the reins to his successor Kuwaiti Haitham al Ghais this July We knew the day was coming After all the position has a limited term and no one can lead the group forever Barkindo has always been against staying one day longer than his term Yet the industry has grown accustomed to Barkindo s steady hand at the helm guiding OPEC through the volatile waters that global oil and gas producers must navigate including growing public sentiment against fossil fuels Had he maintained order during his tenure that would have been enough especially given the turmoil caused by the pandemic But Barkindo is not one to settle for the status quo even in the most difficult moments Of course he could never have anticipated the global control of COVID 19 But he had the foresight to imagine how much of an impact OPEC could have through cooperation on an even more global scale and that turned out to be key to stabilizing the market when demand hit record lows Barkindo cultivated a highly respectful relationship with oil producing nations inside and outside OPEC including Iran Iraq Saudi Arabia Venezuela China and Russia as well as with U S shale producers His talent for building bridges it was just what OPEC and producers around the world needed In 2017 Barkindo steered OPEC towards a mutually advantageous relationship with 11 non OPEC producers 10 nations since Equatorial Guinea joined OPEC in May 2017 including Russia The benefits of the OPEC alliance were very evident in 2020 when the pandemic hit and travel almost stopped in its tracks It didn t help that an oil war broke out between Saudi Arabia and Russia in March of that year boosting production when demand was at a dramatic low In April oil futures plunged for at least a day into negative territory and the oil industry was in jeopardy It was Mr Barkindo who deftly brought all parties together to find a solution the 23 members of OPEC and OPEC agreed to record cuts in production a move that helped oil prices to recover faster than they could they could have done it differently This result is a testament to Barkindo s skills as a leader though of course President Trump took credit for solving the crisis The OPEC Secretary General knew that the longer the price war continued the more economic damage would be inflicted on Africa and many poor people around the world A champion for Africa As head of OPEC Barkindo has a duty to be impartial However it is not surprising that during his tenure the number of African member countries has increased The homeland of Barkindo Nigeria joined OPEC 50 years ago In his own words the nation played an important role in promoting the organization s focus on cooperation goodwill a sense of belonging and unity and in working to achieve the stability of the oil market aware of the benefits that This brings both producers and consumers Since then that sense of belonging and unity has spread to Gabon Equatorial Guinea and Congo Today those countries have a seat at the table so to speak a greater say in how their oil resources are used to benefit their people and grow their economies Recognizing its support for the continent s energy industry in 2018 the Africa Oil amp Power Conference named Barkindo its Africa Oil Man of the Year His leadership demonstrated that if you want to go far you go together said Gabriel Mbaga Obiang Lima Minister of Mines and Hydrocarbons of Equatorial Guinea He has been a great defender of African countries and has given them a voice to help stabilize oil markets added Obiang Lima Barkindo has also been an advocate for Africa in the larger discussion on the energy transition Having led Nigeria s technical delegation in the UN climate change negotiations for 30 years and serving three times as Vice Chair of the Conference of the Parties COP13 Bali Indonesia COP14 Poznan Poland and COP15 Copenhagen Denmark is realistic about the way forward He strongly believes that a world eager to meet the challenges of climate change must also accept that all sources of energy will be needed to meet current and future demand especially as energy poverty remains a reality in large swaths of the continent Barkindo never shied away from visiting the world s leaders and advocating for abundant cheap and reliable energy He also didn t shy away from difficult conversations I remember him going against the advice of his advisers to have a civilized discussion with a climate change activist who insisted on protesting OPEC in Vienna A pin could be heard drop as he spoke about energy poverty and his own experience growing up in poverty in Nigeria His eloquence transparency and respectful approach gave many of us chills He urged the young protesters to hold on to the idea of making the world a better place and welcomed them to be part of the solution to global solutions Over the past year Barkindo has been a particularly outspoken opponent of the current move to restrict investment in hydrocarbons Unless more is spent on new oil and gas developments he warned the world should prepare for energy shortages and rising prices Shortly after the COP26 summit in Glasgow Mr Barkindo said that oil and gas had been unfairly flagged at the event as unsuitable for the energy transition a claim that is blatantly false The global gas shortage that occurred in the fall of 2021 when European countries became increasingly dependent on burning coal instead should have been a global wake up call he said that investment is required in the entire oil and gas industry During a visit to Congo Brazzaville Oil Minister Bruno Jean Richard Itoua and the current OPEC president described Barkindo as a true son of Africa a man with a love for the continent who embraced the Congo without reservation There are so many stories that it would take a book to cover everything Mr Barkindo does when it comes to encouraging investors to look at Africa and urging Africans to create an environment conducive to doing business I can tell you this he does it with class Served with integrity For many African companies and countries Barkindo has been a source of encouragement and inspiration broadening their belief that success is possible He raised their sights and encouraged them to serve with integrity and maturity In turn leading OPEC has been a positive experience that changed Barkindo s life He has made amazing friends whom he calls family and I think if you asked him quietly if he would do it again the answer would be yes He will still tell you I am proud of OPEC and I am a proud Nigerian and Africa is my home Although Barkindo has not publicly said what his plans are after al Ghais succeeds him his legacy is assured A veteran of Nigeria s energy industry equal parts businessman and diplomat and a humble person of unfailing faith his wisdom strength advice and direction are greatly appreciated and will be deeply missed in OPEC But knowing Barkindo he would be quick to ask us to be patient with him he would point out that God is not done with him yet
Marking the End of An Era: OPEC Secretary General Barkindo Served with Distinction (By NJ Ayuk)

Barkindo never shied away from visiting leaders around the world and advocating for abundant, cheap and reliable energy.

best blogger outreach naijaloaded news

South Africa

JOHANNESBURG, South Africa, January 13, 2022 / APO Group / –

naijaloaded news

Executive Chairman

By NJ Ayuk, Executive Chairman, African Chamber of Energy (EnergyChamber.org)

naijaloaded news

Secretary General

Many will agree that OPEC Secretary General HE Mohammed Barkindo walks in the same shoes as the late world leaders Kofi Annan, who served as United Nations Secretary General, and former Minister Dr. Rilwanu Lukman. Nigerian and Secretary General of OPEC, who has been described as one of the most influential and respected ambassadors of the oil industry. Barkindo, throughout his tenure in OPEC, fought the good fight, finished his career, and kept the faith. After six years of what can best be described as remarkable leadership, he will hand over the reins to his successor, Kuwaiti Haitham al-Ghais, this July.

We knew the day was coming. After all, the position has a limited term and no one can lead the group forever. Barkindo has always been against staying one day longer than his term.

Yet the industry has grown accustomed to Barkindo’s steady hand at the helm, guiding OPEC through the volatile waters that global oil and gas producers must navigate, including growing public sentiment against fossil fuels.

But Barkindo

Had he maintained order during his tenure, that would have been enough, especially given the turmoil caused by the pandemic. But Barkindo is not one to settle for the status quo, even in the most difficult moments.

Of course, he could never have anticipated the global control of COVID-19. But he had the foresight to imagine how much of an impact OPEC could have through cooperation on an even more global scale, and that turned out to be key to stabilizing the market when demand hit record lows.

Saudi Arabia

Barkindo cultivated a highly respectful relationship with oil-producing nations inside and outside OPEC, including Iran, Iraq, Saudi Arabia, Venezuela, China, and Russia, as well as with U.S. shale producers. His talent for building bridges it was just what OPEC and producers around the world needed. In 2017, Barkindo steered OPEC towards a mutually advantageous relationship with 11 non-OPEC producers (10 nations since Equatorial Guinea joined OPEC in May 2017), including Russia. The benefits of the OPEC + alliance were very evident in 2020 when the pandemic hit and travel almost stopped in its tracks. It didn’t help that an oil war broke out between Saudi Arabia and Russia in March of that year, boosting production when demand was at a dramatic low. In April, oil futures plunged, for at least a day, into negative territory and the oil industry was in jeopardy. It was Mr. Barkindo who deftly brought all parties together to find a solution: the 23 members of OPEC and OPEC + agreed to record cuts in production, a move that helped oil prices to recover faster than they could. they could have done it differently. This result is a testament to Barkindo’s skills as a leader, though of course President Trump took credit for solving the crisis. The OPEC Secretary General knew that the longer the price war continued, the more economic damage would be inflicted on Africa and many poor people around the world.

A champion for Africa

Equatorial Guinea

As head of OPEC, Barkindo has a duty to be impartial. However, it is not surprising that during his tenure the number of African member countries has increased. The homeland of Barkindo, Nigeria, joined OPEC 50 years ago. In his own words, the nation “played an important role in promoting the organization’s focus on cooperation, goodwill, a sense of belonging and unity, and in working to achieve the stability of the oil market, aware of the benefits that This brings both producers and consumers. Since then, that sense of belonging and unity has spread to Gabon, Equatorial Guinea and Congo. Today, those countries have a seat at the table, so to speak, a greater say in how their oil resources are used to benefit their people and grow their economies.

Africa Oil

Recognizing its support for the continent’s energy industry, in 2018 the Africa Oil & Power Conference named Barkindo its Africa Oil Man of the Year. His leadership demonstrated that “if you want to go far, you go together,” said Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea.

Obiang Lima

“He has been a great defender of African countries and has given them a voice to help stabilize oil markets,” added Obiang Lima.

Vice Chair of the Conference of the Parties

Barkindo has also been an advocate for Africa in the larger discussion on the energy transition. Having led Nigeria’s technical delegation in the UN climate change negotiations for 30 years and serving three times as Vice Chair of the Conference of the Parties: COP13 (Bali, Indonesia), COP14 (Poznan, Poland) and COP15 (Copenhagen , Denmark) – is realistic about the way forward. He strongly believes that a world eager to meet the challenges of climate change must also accept that all sources of energy will be needed to meet current and future demand, especially as energy poverty remains a reality in large swaths of the continent.

OPEC in Vienna

Barkindo never shied away from visiting the world’s leaders and advocating for abundant, cheap, and reliable energy. He also didn’t shy away from difficult conversations. I remember him going against the advice of his advisers to have a civilized discussion with a climate change activist who insisted on protesting OPEC in Vienna. A pin could be heard drop as he spoke about energy poverty and his own experience growing up in poverty in Nigeria. His eloquence, transparency, and respectful approach gave many of us chills. He urged the young protesters to hold on to the idea of ​​making the world a better place and welcomed them to be part of the solution to global solutions.

Over the past year, Barkindo has been a particularly outspoken opponent of the current move to restrict investment in hydrocarbons. Unless more is spent on new oil and gas developments, he warned, the world should prepare for energy shortages and rising prices. Shortly after the COP26 summit in Glasgow, Mr. Barkindo said that oil and gas had been unfairly flagged at the event as unsuitable for the energy transition, a claim that is blatantly false. The global gas shortage that occurred in the fall of 2021, when European countries became increasingly dependent on burning coal instead, should have been a global “wake-up call,” he said, that investment is required in the entire oil and gas industry.

Congo Brazzaville

During a visit to Congo Brazzaville, Oil Minister Bruno Jean Richard Itoua and the current OPEC president described Barkindo as a true son of Africa, a man with a love for the continent who embraced the Congo without reservation. There are so many stories that it would take a book to cover everything Mr. Barkindo does when it comes to encouraging investors to look at Africa and urging Africans to create an environment conducive to doing business. I can tell you this: he does it with class.

Served with integrity

For many African companies and countries, Barkindo has been a source of encouragement and inspiration, broadening their belief that success is possible. He raised their sights and encouraged them to serve with integrity and maturity.

Nigerian and Africa

In turn, leading OPEC has been a positive experience that changed Barkindo’s life. He has made amazing friends whom he calls family, and I think if you asked him quietly if he would do it again, the answer would be yes. He will still tell you: “I am proud of OPEC and I am a proud Nigerian and Africa is my home.”

Although Barkindo

Although Barkindo has not publicly said what his plans are after al-Ghais succeeds him, his legacy is assured. A veteran of Nigeria’s energy industry, equal parts businessman and diplomat, and a humble person of unfailing faith, his wisdom, strength, advice and direction are greatly appreciated and will be deeply missed in OPEC. But, knowing Barkindo, he would be quick to ask us to be patient with him; he would point out that God is not done with him yet.

bet9 shop good morning in hausa link shortners instagram download