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Mohammed Barkindo

  •  Sen Orji Kalu the Chief Whip of the Senate has described death of the Secretary General of the Organisation of Petroleum Exporting Countries OPEC DrMohammed Barkindo as a huge loss to Nigeria Kalu in a condolence message issued on Thursday in Abuja acknowledged the remarkable contributions of Barkindo to the oil and gas industry The former governor of Abia said the deceased was an accomplished professional in the oil and gas industry Kalu said that Barkindo s leadership qualities stood him out among his contemporaries While commiserating with the government and people of Adamawa and stakeholders in the oil and gas industry Kalu noted that the good deeds of the deceased would not be forgotten He urged the Barkindo family to sustain the worthy legacies of the deceased I received with sadness the news of the passing of the secretary general of OPEC Dr Mohammed Barkindo The deceased was an accomplished Nigerian who served in various capacities in the oil and gas industry at the national and international levels He played remarkable roles in promoting good relationship between OPEC and non OPEC members The late Barkindo carved a niche for himself in various endeavours He left behind good legacies for his family to uphold Kalu said Kalu prayed to Allah to forgive the shortcomings of Barkindo and grant him Al Jannah Firdaus Barkindo 63 an oil industry veteran who steered the group through the creation of the OPEC alliance was due to step down at the end of this month after being at the helm for six years at OPEC NewsSourceCredit NAN
    Barkindo’s death a huge loss to Nigeria — Orji Kalu
     Sen Orji Kalu the Chief Whip of the Senate has described death of the Secretary General of the Organisation of Petroleum Exporting Countries OPEC DrMohammed Barkindo as a huge loss to Nigeria Kalu in a condolence message issued on Thursday in Abuja acknowledged the remarkable contributions of Barkindo to the oil and gas industry The former governor of Abia said the deceased was an accomplished professional in the oil and gas industry Kalu said that Barkindo s leadership qualities stood him out among his contemporaries While commiserating with the government and people of Adamawa and stakeholders in the oil and gas industry Kalu noted that the good deeds of the deceased would not be forgotten He urged the Barkindo family to sustain the worthy legacies of the deceased I received with sadness the news of the passing of the secretary general of OPEC Dr Mohammed Barkindo The deceased was an accomplished Nigerian who served in various capacities in the oil and gas industry at the national and international levels He played remarkable roles in promoting good relationship between OPEC and non OPEC members The late Barkindo carved a niche for himself in various endeavours He left behind good legacies for his family to uphold Kalu said Kalu prayed to Allah to forgive the shortcomings of Barkindo and grant him Al Jannah Firdaus Barkindo 63 an oil industry veteran who steered the group through the creation of the OPEC alliance was due to step down at the end of this month after being at the helm for six years at OPEC NewsSourceCredit NAN
    Barkindo’s death a huge loss to Nigeria — Orji Kalu
    General news3 months ago

    Barkindo’s death a huge loss to Nigeria — Orji Kalu

    Sen. Orji Kalu, the Chief Whip of the Senate, has described death of the   Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), DrMohammed Barkindo as a huge loss to Nigeria.

    Kalu, in a condolence message issued on Thursday in Abuja, acknowledged the remarkable contributions of Barkindo to the oil and gas industry.

    The former governor of Abia said the deceased was an accomplished professional in the oil and gas industry.

    Kalu said that Barkindo’s leadership qualities stood him out among his contemporaries.

    While commiserating with the government and people of Adamawa and stakeholders in the oil and gas industry, Kalu noted that the good deeds of the deceased would not be forgotten.

    He urged the Barkindo family to sustain the worthy legacies of the deceased.

    “I received with sadness the news of the passing of the secretary-general of OPEC, Dr Mohammed Barkindo.

    “The deceased was an accomplished Nigerian, who served in various capacities in the oil and gas industry at the national and international levels.

    “He played remarkable roles in promoting good relationship between OPEC and non-OPEC members.

    “The late Barkindo carved a niche for himself in various endeavours.

    `He left behind good legacies for his family to uphold,’’ Kalu said.

    Kalu prayed to Allah to forgive the shortcomings of Barkindo and grant him Al-Jannah Firdaus.

    Barkindo 63, an oil industry veteran who steered the group through the creation of the OPEC+alliance, was due to step down at the end of this month after being at the helm for six years at OPEC.   (

    NewsSourceCredit: NAN

  •  The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo the Secretary General of the Organisation of the Petroleum Exporting Countries OPEC The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 He was buried on Wednesday in Yola Adamawa State in accordance with Islamic rites Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas NOG Award Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company Ltd said Barkindo s demise was a shock to the industry Represented by Mr Adetunji Adeyemi the Group Executive Director Downstream NNPC Kyari prayed God to grant the family the fortitude to bear the loss Mr Mike Sangster the Managing Director TotalEnergies EP Nigeria Ltd said the loss was for the family the country Nigeria the oil and gas industry and the world at large Sangster who was represented by Mr Charles Ebereonwu the Country Communications Manager TotalEnergies Nigeria described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest he said Also Mr Rick Kennedy the Chairman Oil Producers Trade Section OPTS described Barkindo as a true giant of the industry Kennedy said the contributions of the departed global energy leader could not be overemphasised adding that his death was a huge loss to the sector On his part Mr Osagie Okunbor the Country Chair Shell Companies in Nigeria said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership adding that he made Nigeria and Nigerians proud on the global stage In his tribute Mr Simbi Wabote the Executive Secretary Nigerian Content Development and Monitoring Board said Barkindo was a role model and someone worthy to be admired He was the icon of our time His death is a great loss to Nigeria God knows best When our time is up there is nothing we can do He has played his part and we can only continue from where he stopped Wabote said NewsSourceCredit NAN
    Nigerian petroleum industry holds night of tributes for Barkindo
     The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo the Secretary General of the Organisation of the Petroleum Exporting Countries OPEC The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 He was buried on Wednesday in Yola Adamawa State in accordance with Islamic rites Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas NOG Award Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company Ltd said Barkindo s demise was a shock to the industry Represented by Mr Adetunji Adeyemi the Group Executive Director Downstream NNPC Kyari prayed God to grant the family the fortitude to bear the loss Mr Mike Sangster the Managing Director TotalEnergies EP Nigeria Ltd said the loss was for the family the country Nigeria the oil and gas industry and the world at large Sangster who was represented by Mr Charles Ebereonwu the Country Communications Manager TotalEnergies Nigeria described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest he said Also Mr Rick Kennedy the Chairman Oil Producers Trade Section OPTS described Barkindo as a true giant of the industry Kennedy said the contributions of the departed global energy leader could not be overemphasised adding that his death was a huge loss to the sector On his part Mr Osagie Okunbor the Country Chair Shell Companies in Nigeria said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership adding that he made Nigeria and Nigerians proud on the global stage In his tribute Mr Simbi Wabote the Executive Secretary Nigerian Content Development and Monitoring Board said Barkindo was a role model and someone worthy to be admired He was the icon of our time His death is a great loss to Nigeria God knows best When our time is up there is nothing we can do He has played his part and we can only continue from where he stopped Wabote said NewsSourceCredit NAN
    Nigerian petroleum industry holds night of tributes for Barkindo
    General news3 months ago

    Nigerian petroleum industry holds night of tributes for Barkindo

    The Nigerian petroleum industry on Wednesday in Abuja held a night of tributes for the departed Dr Mohammed Barkindo, the Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC).

    The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63.

    He was buried on Wednesday in Yola, Adamawa State, in accordance with Islamic rites.

    Speaking at the ceremony which coincided with the 2022 Nigeria Oil and Gas (NOG) Award, Mr Mele Kyari, the Group Managing Director, Nigerian National Petroleum Company Ltd., said Barkindo’s demise was a shock to the industry.

    Represented by Mr Adetunji Adeyemi, the Group Executive Director, Downstream, NNPC, Kyari prayed God to grant the family the fortitude to bear the loss.

    Mr Mike Sangster, the Managing Director, TotalEnergies EP Nigeria Ltd., said the loss was for the family, the country Nigeria, the oil and gas industry and the world at large.

    Sangster who was represented by Mr Charles Ebereonwu, the Country Communications Manager, TotalEnergies Nigeria, described Barkindo as a humble and hardworking man who made enormous contributions to the oil and gas industry.

    “All we can do is to pray for the family for the fortitude to bear the loss and the Almighty God to grant his soul eternal rest,” he said.

    Also, Mr Rick Kennedy, the Chairman, Oil Producers Trade Section (OPTS), described Barkindo as a true giant of the industry.

    Kennedy said the contributions of the departed global energy leader could not be overemphasised, adding that his death was a huge loss to the sector.

    On his part, Mr Osagie Okunbor, the Country Chair, Shell Companies in Nigeria, said Barkindo was an iconic figure in the oil and gas industry whose death came as a very rude shock to stakeholders.

    Okunbor said OPEC was able to overcome multiple crisis due to his outstanding leadership, adding that he made Nigeria and Nigerians proud on the global stage.

    In his tribute, Mr Simbi Wabote, the Executive Secretary, Nigerian Content Development and Monitoring Board, said Barkindo was a role model and someone worthy to be admired.

    “He was the icon of our time. His death is a great loss to Nigeria. God knows best. When our time is up, there is nothing we can do.

    “He has played his part and we can only continue from where he stopped,” Wabote said.

    NewsSourceCredit: NAN

  •  The Northern Governors Forum has expressed sadness over the loss of Dr Mohammed Barkindo the Secretary General of the Organisation of Petroleum Exporting Countries OPEC The forum commiserated with his family through its Chairman and Governor of Plateau Mr Simon Lalong in a statement by his Spokesperson Dr Makut Macham on Wednesday in Jos He said the forum was shocked at his death which occured while he was on official duties in Nigeria The death of Dr Barkindo is a great loss to his immediate family Nigeria and the international community because of his contributions to the energy sector and development of oil and gas in Nigeria and throughout the world He was a technocrat who distinguished himself in the field of oil and gas having put in many years in the industry and rising to head the NNPC where he led many reforms and initiatives to transform the industry The forum noted that Bakindo s good account endeared him to be elected as Secretary General of OPEC which he led through some of the most challenging periods in global energy crisis and the COVID 19 Pandemic by ensuring recovery and stability The Northern Governors Forum is proud of his achievements and support towards the passage of the Petroleum Industry Act PIA And exploration of oil and gas prospects across various parts of the country including the Northern Region While commiserating with the family and people of Adamawa Lalong prayed God to grant his soul eternal rest and comfort the family NewsSourceCredit NAN
    Northern Governors mourn OPEC Secretary General Barkindo
     The Northern Governors Forum has expressed sadness over the loss of Dr Mohammed Barkindo the Secretary General of the Organisation of Petroleum Exporting Countries OPEC The forum commiserated with his family through its Chairman and Governor of Plateau Mr Simon Lalong in a statement by his Spokesperson Dr Makut Macham on Wednesday in Jos He said the forum was shocked at his death which occured while he was on official duties in Nigeria The death of Dr Barkindo is a great loss to his immediate family Nigeria and the international community because of his contributions to the energy sector and development of oil and gas in Nigeria and throughout the world He was a technocrat who distinguished himself in the field of oil and gas having put in many years in the industry and rising to head the NNPC where he led many reforms and initiatives to transform the industry The forum noted that Bakindo s good account endeared him to be elected as Secretary General of OPEC which he led through some of the most challenging periods in global energy crisis and the COVID 19 Pandemic by ensuring recovery and stability The Northern Governors Forum is proud of his achievements and support towards the passage of the Petroleum Industry Act PIA And exploration of oil and gas prospects across various parts of the country including the Northern Region While commiserating with the family and people of Adamawa Lalong prayed God to grant his soul eternal rest and comfort the family NewsSourceCredit NAN
    Northern Governors mourn OPEC Secretary General Barkindo
    General news3 months ago

    Northern Governors mourn OPEC Secretary General Barkindo

    The Northern Governors Forum has expressed sadness over the loss of Dr Mohammed Barkindo, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC)

    The forum commiserated with his family through its Chairman and Governor of Plateau, Mr Simon Lalong, in a statement by his Spokesperson, Dr Makut Macham on Wednesday in Jos .

    He said the forum was shocked at his death which occured while he was on official duties in Nigeria.

    “The death of Dr Barkindo is a great loss to his immediate family, Nigeria and the international community because of his contributions to the energy sector and development of oil and gas in Nigeria and throughout the world.

    “He was a technocrat who distinguished himself in the field of oil and gas, having put in many years in the industry and rising to head the NNPC where he led many reforms and initiatives to transform the industry.”

    The forum noted that Bakindo’s good account endeared him to be elected as Secretary General of OPEC , which he led through some of the most challenging periods in global energy crisis, and the COVID-19 Pandemic by ensuring recovery and stability.

    “The Northern Governors Forum is proud of his achievements and support towards the passage of the Petroleum Industry Act (PIA).

    “And exploration of oil and gas prospects across various parts of the country including the Northern Region.”

    While commiserating with the family and people of Adamawa, Lalong prayed God to grant his soul eternal rest and comfort the family.

    NewsSourceCredit: NAN

  •  The Organisation of the Petroleum Exporting Countries OPEC and the Minister of State for Petroleum Resources Chief Timipre Sylva on Wednesday mourned the demise of the outgoing OPEC Secretary General Dr Mohammed Barkindo The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 OPEC Secretary General Mohammed Barkindo passed away yesterday in his home country Nigeria He was the much loved leader of the OPEC Secretariat and his passing is a profound loss to the entire OPEC Family the oil industry and the international community OPEC said in a statement issued on its official Twitter page Also Sylva said Nigeria has been thrown into mourning over the passing of Barkindo This is a great loss to Nigeria to OPEC to the energy sector and most compassionately to his family which we have in our prayers and thoughts he said Also Mr Mele Kyari Group Managing Director Nigerian National Petroleum Company NNPC said the OPEC boss who was in Nigeria to participate at the ongoing Nigerian Oil and Gas Conference in Abuja died at about 11 00p m Certainly a great loss to his immediate family the NNPC our country Nigeria the OPEC and the global energy community Burial arrangements will be announced shortly Kyari said Mr Chinedu Okoronkwo President Independent Petroleum Marketers Association of Nigeria IPMAN said Barkindo distinguished himself as a global energy leader On behalf of IPMAN I want to commiserate with OPEC the Nigerian government and the oil and gas industry on the demise of the beloved OPEC secretary general I pray that God will grant his immediate family and the entire industry the fortitude to bear this great loss Okoronkwo said NewsSourceCredit NAN
    OPEC, Sylva, industry stakeholders mourn Barkindo
     The Organisation of the Petroleum Exporting Countries OPEC and the Minister of State for Petroleum Resources Chief Timipre Sylva on Wednesday mourned the demise of the outgoing OPEC Secretary General Dr Mohammed Barkindo The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63 OPEC Secretary General Mohammed Barkindo passed away yesterday in his home country Nigeria He was the much loved leader of the OPEC Secretariat and his passing is a profound loss to the entire OPEC Family the oil industry and the international community OPEC said in a statement issued on its official Twitter page Also Sylva said Nigeria has been thrown into mourning over the passing of Barkindo This is a great loss to Nigeria to OPEC to the energy sector and most compassionately to his family which we have in our prayers and thoughts he said Also Mr Mele Kyari Group Managing Director Nigerian National Petroleum Company NNPC said the OPEC boss who was in Nigeria to participate at the ongoing Nigerian Oil and Gas Conference in Abuja died at about 11 00p m Certainly a great loss to his immediate family the NNPC our country Nigeria the OPEC and the global energy community Burial arrangements will be announced shortly Kyari said Mr Chinedu Okoronkwo President Independent Petroleum Marketers Association of Nigeria IPMAN said Barkindo distinguished himself as a global energy leader On behalf of IPMAN I want to commiserate with OPEC the Nigerian government and the oil and gas industry on the demise of the beloved OPEC secretary general I pray that God will grant his immediate family and the entire industry the fortitude to bear this great loss Okoronkwo said NewsSourceCredit NAN
    OPEC, Sylva, industry stakeholders mourn Barkindo
    General news3 months ago

    OPEC, Sylva, industry stakeholders mourn Barkindo

    The Organisation of the Petroleum Exporting Countries (OPEC) and the Minister of State for Petroleum Resources, Chief Timipre Sylva on Wednesday mourned the demise of the outgoing OPEC Secretary General, Dr Mohammed Barkindo.The News Agency of Nigeria reports that Barkindo passed on in Abuja on Tuesday at the age of 63.“OPEC Secretary General,  Mohammed Barkindo, passed away yesterday in his home country Nigeria.“He was the much-loved leader of the OPEC Secretariat and his passing is a profound loss to the entire OPEC Family, the oil industry and the international community,” OPEC said in a statement issued on its official Twitter page.Also, Sylva said Nigeria has been thrown into mourning over the passing of Barkindo.“This is a great loss to Nigeria, to OPEC, to the energy sector and most compassionately to his family which we have in our prayers and thoughts,” he said.Also, Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Company (NNPC) said the OPEC boss who was in Nigeria to participate at the ongoing Nigerian Oil and Gas Conference in Abuja died at about 11.00p.m.“Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community.“Burial arrangements  will be announced shortly,” Kyari said.Mr Chinedu Okoronkwo, President, Independent Petroleum Marketers Association of Nigeria (IPMAN), said Barkindo distinguished himself as a global energy leader.“On behalf of IPMAN, I want to commiserate with OPEC, the Nigerian government and the oil and gas industry on the demise of the beloved OPEC secretary general.“I pray that God will grant his immediate family and the entire industry the fortitude to bear this great loss, “Okoronkwo said.

    NewsSourceCredit: NAN

  •  Dr Mohammed Barkindo the Secretary General Organisation of the Petroleum Exporting Countries OPEC is dead Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company NNPC confirmed the development in a statement posted on his official Twitter page on Wednesday We lost our esteemed Dr Mohammed S Barkindo He died at about 11 00 p m on Tuesday Certainly a great loss to his immediate family the NNPC our country Nigeria the OPEC and the global energy community Burial arrangements will be announced shortly Kyari said The News Agency of Nigeria reports that Barkindo who is the outgoing OPEC secretary general was in Nigeria where he delivered the Chairman keynote address at the ongoing Nigerian Oil and Gas Conference NOG in Abuja on Tuesday At his last official outing at the NOG Barkindo was given a standing ovation by industry stakeholders for his outstanding contributions to the Nigerian and global oil and gas industry He had earlier in the day visited President Muhammadu Buhari in the Presidential Villa where he was hailed by the president for being a worthy ambassador to Nigeria Born on April 20 1959 in Yola Adamawa Barkindo served as the Secretary General of OPEC since Aug 1 2016 and would have bowed out on July 31 2022 following the completion of his tenure He completed his Bachelor s Degree in Political Science from Ahmadu Bello University Zaria in 1981 and Masters of Business Administration degree from Washington University in 1991 Prior to MBA in 1988 he earned a PostGraduate Diploma in Petroleum Economics from Oxford University Also he was awarded an honorary doctorate from the Federal University of Technology Yola Barkindo previously served as the acting Secretary General in 2006 and represented Nigeria on OPEC s Economic Commission Board from 1993 to 2008 He also led the Nigerian National Petroleum Corporation during 2009 to 2010 and headed Nigeria s technical delegation to UN climate negotiations since 1991 Barkindo will be replaced by Mr Haitham Al Ghais a veteran of the Kuwait Petroleum Corporation KPC as the organisation s Secretary General following his demise In a tribute to Barkindo on his contributions to the global energy industry OPEC said he was instrumental in expanding the organisation s historical efforts to support sustainable oil market stability This was through enhanced dialogue and cooperation with many energy stakeholders including the landmark Declaration of Cooperation DoC since its inception in December 2016 These efforts are widely cr NewsSourceCredit NAN
    OPEC Secretary-General, Barkindo dies at 63
     Dr Mohammed Barkindo the Secretary General Organisation of the Petroleum Exporting Countries OPEC is dead Mr Mele Kyari the Group Managing Director Nigerian National Petroleum Company NNPC confirmed the development in a statement posted on his official Twitter page on Wednesday We lost our esteemed Dr Mohammed S Barkindo He died at about 11 00 p m on Tuesday Certainly a great loss to his immediate family the NNPC our country Nigeria the OPEC and the global energy community Burial arrangements will be announced shortly Kyari said The News Agency of Nigeria reports that Barkindo who is the outgoing OPEC secretary general was in Nigeria where he delivered the Chairman keynote address at the ongoing Nigerian Oil and Gas Conference NOG in Abuja on Tuesday At his last official outing at the NOG Barkindo was given a standing ovation by industry stakeholders for his outstanding contributions to the Nigerian and global oil and gas industry He had earlier in the day visited President Muhammadu Buhari in the Presidential Villa where he was hailed by the president for being a worthy ambassador to Nigeria Born on April 20 1959 in Yola Adamawa Barkindo served as the Secretary General of OPEC since Aug 1 2016 and would have bowed out on July 31 2022 following the completion of his tenure He completed his Bachelor s Degree in Political Science from Ahmadu Bello University Zaria in 1981 and Masters of Business Administration degree from Washington University in 1991 Prior to MBA in 1988 he earned a PostGraduate Diploma in Petroleum Economics from Oxford University Also he was awarded an honorary doctorate from the Federal University of Technology Yola Barkindo previously served as the acting Secretary General in 2006 and represented Nigeria on OPEC s Economic Commission Board from 1993 to 2008 He also led the Nigerian National Petroleum Corporation during 2009 to 2010 and headed Nigeria s technical delegation to UN climate negotiations since 1991 Barkindo will be replaced by Mr Haitham Al Ghais a veteran of the Kuwait Petroleum Corporation KPC as the organisation s Secretary General following his demise In a tribute to Barkindo on his contributions to the global energy industry OPEC said he was instrumental in expanding the organisation s historical efforts to support sustainable oil market stability This was through enhanced dialogue and cooperation with many energy stakeholders including the landmark Declaration of Cooperation DoC since its inception in December 2016 These efforts are widely cr NewsSourceCredit NAN
    OPEC Secretary-General, Barkindo dies at 63
    General news3 months ago

    OPEC Secretary-General, Barkindo dies at 63

    Dr Mohammed Barkindo, the Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), is dead.

    Mr Mele Kyari, the Group Managing Director, Nigerian National Petroleum Company (NNPC), confirmed the development in a statement posted on his official Twitter page on Wednesday.

    “We lost our esteemed Dr Mohammed S Barkindo. He died at about 11.00 p.m. on Tuesday.

    “Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community.

    “Burial arrangements will be announced shortly,” Kyari said.

    The News Agency of Nigeria reports that Barkindo, who is the outgoing OPEC secretary general, was in Nigeria where he delivered the Chairman keynote address at the ongoing Nigerian Oil and Gas Conference (NOG) in Abuja on Tuesday.

    At his last official outing at the NOG, Barkindo was given a standing ovation by industry stakeholders for his outstanding contributions to the Nigerian and global oil and gas industry.

    He had earlier in the day visited President Muhammadu Buhari in the Presidential Villa where he was hailed by the president for being a “worthy ambassador to Nigeria.”

    Born on April 20,1959 in Yola, Adamawa, Barkindo served as the Secretary General of OPEC since Aug. 1, 2016 and would have bowed out on July 31, 2022 following the completion of his tenure.

    He completed his Bachelor’s Degree in Political Science from Ahmadu Bello University Zaria, in 1981 and Masters of Business Administration degree from Washington University in 1991.

    Prior to MBA, in 1988 he earned a PostGraduate Diploma in Petroleum Economics from Oxford University.

    Also, he was awarded an honorary doctorate from the Federal University of Technology Yola.

    Barkindo previously served as the acting Secretary-General in 2006 and represented Nigeria on OPEC’s Economic Commission Board from 1993 to 2008.

    He also led the Nigerian National Petroleum Corporation during 2009 to 2010 and headed Nigeria’s technical delegation to UN climate negotiations since 1991.

    Barkindo will be replaced by Mr Haitham Al-Ghais, a veteran of the Kuwait Petroleum Corporation (KPC), as the organisation’s Secretary-General following his demise.

    In a tribute to Barkindo on his contributions to the global energy industry, OPEC said he was instrumental in expanding the organisation’s historical efforts to support sustainable oil market stability.

    “This was through enhanced dialogue and cooperation with many energy stakeholders, including the landmark Declaration of Cooperation (DoC) since its inception in December 2016.

    “These efforts are widely cr

    NewsSourceCredit: NAN

  •   By Edith Ike Eboh The Organisation of Petroleum Exporting Countries OPEC has congratulated President Muhammadu Buhari for signing into law the Petroleum Industry Bill PIB The Secretary General of OPEC Dr Mohammed Barkindo said this in a congratulatory letter released to the News Agency of Nigeria NAN on Monday I wish to extend my congratulations to you on signing into law the Petroleum Industry Bill PIB which marks a significant milestone for Nigeria s oil industry and an historic achievement for your Presidency With the stroke of a pen you have inaugurated a new era for the industry following years of legislative efforts to strengthen the legal regulatory fiscal and governance framework of the petroleum sector Indeed the new law will enhance the Nigerian petroleum industry s reputation open the door to new investment and ultimately strengthen its position to meet the world s growing demand for energy he said He added that the enactment of the legislation was timely as the investment outlook had become clouded by efforts aimed at accelerating a lower carbon future According to him the new law will help harness Nigeria s potential to achieve its programme of raising oil production to 4 mb d and oil reserves to 40 billion barrels while also drawing on the country s vast natural gas reserves to provide clean and efficient energy In addition these resources will be vital to supplying world markets with a broad portfolio of energy options and support global efforts to alleviate energy poverty as outlined in the United Nations Sustainable Development Goal 7 The passage of the PIB by both houses of the National Assembly on 16 July and your act of signing it into law coincide with another significant milestone in our country s history the 50th anniversary of Nigeria s Membership of OPEC This golden moment provides a unique opportunity to reflect upon Nigeria s rise as a global energy supplier and partner he noted The OPEC scribe said since the 24th OPEC Conference on 12 July 1971 when Nigeria was welcomed as the 11th member country of the organisation it had symbolised Africa s leadership within OPEC and its pivotal support for global oil market stability He said the past year had been a time of enormous challenges for the world for OPEC and for each member country Yet throughout this difficult period we have demonstrated the enduring importance of OPEC and its timeless commitment to dialogue cooperation multilateralism and respect among all nations I wish to express my sincere gratitude for your instrumental support in establishing the Declaration of Cooperation DoC that was agreed on 10 December 2016 We could not envision at that time how important this framework would become during the COVID 19 related market crisis It enabled bold swift and decisive actions to address the historically unprecedented market downfall in 2020 and it has been vital to the ongoing efforts to provide a platform for recovery and future growth he added Barkindo further commended the president for the support of the Charter of Cooperation signed on 2 July 2019 He noted that it had paved the way for enhanced cooperation beyond the market balancing efforts by all countries participating in the DoC He said the markets continued to recognise the vital contributions that OPEC and the non OPEC Participating Countries were making to the market s recovery to the global economy as a whole and to fostering constructive dialogue He also acknowledged the contributions of Chief Timipre Sylva Minister of State for Petroleum Resources to OPEC and the DoC Sylva s shuttle diplomacy earlier this year as Special Envoy of the Joint Ministerial Monitoring Committee JMMC to Congo Equatorial Guinea Gabon and South Sudan contributed to the improvement in conformity levels with the voluntary production adjustments and compensation of overproduced volumes He carried out this important mission with great aplomb and garnered the respect of his fellow Ministers I am confident the law marks the beginning of a new era of growth and prosperity that will be beneficial to the petroleum industry and ultimately to the Nigerian people he said NAN Source NAN
    OPEC congratulates Buhari on signing PIB into law
      By Edith Ike Eboh The Organisation of Petroleum Exporting Countries OPEC has congratulated President Muhammadu Buhari for signing into law the Petroleum Industry Bill PIB The Secretary General of OPEC Dr Mohammed Barkindo said this in a congratulatory letter released to the News Agency of Nigeria NAN on Monday I wish to extend my congratulations to you on signing into law the Petroleum Industry Bill PIB which marks a significant milestone for Nigeria s oil industry and an historic achievement for your Presidency With the stroke of a pen you have inaugurated a new era for the industry following years of legislative efforts to strengthen the legal regulatory fiscal and governance framework of the petroleum sector Indeed the new law will enhance the Nigerian petroleum industry s reputation open the door to new investment and ultimately strengthen its position to meet the world s growing demand for energy he said He added that the enactment of the legislation was timely as the investment outlook had become clouded by efforts aimed at accelerating a lower carbon future According to him the new law will help harness Nigeria s potential to achieve its programme of raising oil production to 4 mb d and oil reserves to 40 billion barrels while also drawing on the country s vast natural gas reserves to provide clean and efficient energy In addition these resources will be vital to supplying world markets with a broad portfolio of energy options and support global efforts to alleviate energy poverty as outlined in the United Nations Sustainable Development Goal 7 The passage of the PIB by both houses of the National Assembly on 16 July and your act of signing it into law coincide with another significant milestone in our country s history the 50th anniversary of Nigeria s Membership of OPEC This golden moment provides a unique opportunity to reflect upon Nigeria s rise as a global energy supplier and partner he noted The OPEC scribe said since the 24th OPEC Conference on 12 July 1971 when Nigeria was welcomed as the 11th member country of the organisation it had symbolised Africa s leadership within OPEC and its pivotal support for global oil market stability He said the past year had been a time of enormous challenges for the world for OPEC and for each member country Yet throughout this difficult period we have demonstrated the enduring importance of OPEC and its timeless commitment to dialogue cooperation multilateralism and respect among all nations I wish to express my sincere gratitude for your instrumental support in establishing the Declaration of Cooperation DoC that was agreed on 10 December 2016 We could not envision at that time how important this framework would become during the COVID 19 related market crisis It enabled bold swift and decisive actions to address the historically unprecedented market downfall in 2020 and it has been vital to the ongoing efforts to provide a platform for recovery and future growth he added Barkindo further commended the president for the support of the Charter of Cooperation signed on 2 July 2019 He noted that it had paved the way for enhanced cooperation beyond the market balancing efforts by all countries participating in the DoC He said the markets continued to recognise the vital contributions that OPEC and the non OPEC Participating Countries were making to the market s recovery to the global economy as a whole and to fostering constructive dialogue He also acknowledged the contributions of Chief Timipre Sylva Minister of State for Petroleum Resources to OPEC and the DoC Sylva s shuttle diplomacy earlier this year as Special Envoy of the Joint Ministerial Monitoring Committee JMMC to Congo Equatorial Guinea Gabon and South Sudan contributed to the improvement in conformity levels with the voluntary production adjustments and compensation of overproduced volumes He carried out this important mission with great aplomb and garnered the respect of his fellow Ministers I am confident the law marks the beginning of a new era of growth and prosperity that will be beneficial to the petroleum industry and ultimately to the Nigerian people he said NAN Source NAN
    OPEC congratulates Buhari on signing PIB into law
    General news1 year ago

    OPEC congratulates Buhari on signing PIB into law

    By Edith Ike-Eboh

    The Organisation of Petroleum Exporting Countries (OPEC) has congratulated President Muhammadu Buhari for signing into law the Petroleum Industry Bill (PIB).

    The Secretary General of OPEC, Dr Mohammed Barkindo, said this in a congratulatory letter released to the News Agency of Nigeria (NAN) on Monday.

    “I wish to extend my congratulations to you on signing into law the Petroleum Industry Bill (PIB), which marks a significant milestone for Nigeria’s oil industry and an historic achievement for your Presidency.

    “With the stroke of a pen, you have inaugurated a new era for the industry following years of legislative efforts to strengthen the legal, regulatory, fiscal and governance framework of the petroleum sector.

    “Indeed, the new law will enhance the Nigerian petroleum industry’s reputation, open the door to new investment and ultimately strengthen its position to meet the world’s growing demand for energy,” he said.

    He added that the enactment of the legislation was timely as the investment outlook had become clouded by efforts aimed at accelerating a lower-carbon future.

    According to him, the new law will help harness Nigeria’s potential to achieve its programme of raising oil production to 4 mb/d and oil reserves to 40 billion barrels, while also drawing on the country’s vast natural gas reserves to provide clean and efficient energy.

    “In addition, these resources will be vital to supplying world markets with a broad portfolio of energy options, and support global efforts to alleviate energy poverty as outlined in the United Nations’ Sustainable Development Goal 7.

    “The passage of the PIB by both houses of the National Assembly on 16 July and your act of signing it into law coincide with another significant milestone in our country’s history – the 50th anniversary of Nigeria’s Membership of OPEC.

    “This golden moment provides a unique opportunity to reflect upon Nigeria’s rise as a global energy supplier and partner,” he noted.

    The OPEC scribe said since the 24th OPEC Conference on 12 July 1971, when Nigeria was welcomed as the 11th member country of the organisation, it had symbolised Africa’s leadership within OPEC and its pivotal support for global oil market stability.

    He said the past year had been a time of enormous challenges for the world, for OPEC and for each member country.

    “Yet throughout this difficult period, we have demonstrated the enduring importance of OPEC and its timeless commitment to dialogue, cooperation, multilateralism and respect among all nations.

    “I wish to express my sincere gratitude for your instrumental support in establishing the Declaration of Cooperation (DoC) that was agreed on 10 December 2016.

    “We could not envision at that time how important this framework would become during the COVID-19-related market crisis.

    “It enabled bold, swift and decisive actions to address the historically unprecedented market downfall in 2020, and it has been vital to the ongoing efforts to provide a platform for recovery and future growth,” he added

    Barkindo further commended the president for the support of the Charter of Cooperation, signed on 2 July 2019.

    He noted that it had paved the way for enhanced cooperation beyond the market-balancing efforts by all countries participating in the DoC.

    He said the markets continued to recognise the vital contributions that OPEC and the non-OPEC Participating Countries were making to the market’s recovery, to the global economy as a whole, and to fostering constructive dialogue.

    He also acknowledged the contributions of Chief Timipre Sylva, Minister of State for Petroleum Resources, to OPEC and the DoC.

    “Sylva’s shuttle diplomacy earlier this year as Special Envoy of the Joint Ministerial Monitoring Committee (JMMC) to Congo, Equatorial Guinea, Gabon and South Sudan contributed to the improvement in conformity levels with the voluntary production adjustments and compensation of overproduced volumes.

    “He carried out this important mission with great aplomb and garnered the respect of his fellow Ministers.

    “I am confident the law marks the beginning of a new era of growth and prosperity that will be beneficial to the petroleum industry and ultimately to the Nigerian people,” he said. (NAN)

    Source: NAN

  •   By Edith Ike Eboh Solomon Asowata TotalEnergies won the 2020 Fully Integrated Company of the Year award in the Nigerian oil and gas sector The award was presented to the company at the Nigeria Fourth International Petroleum Summit NIPS gala evening in Abuja on Monday The theme of the conference is From Crisis to Opportunity A New Approach for the Future of Hydrocarbons Other companies that have won awards include the Nigerian National Petroleum Corporation Nigeria Liquified Natural Gas Company Ltd Waltersmith Refinery and Petroleum Company the Independent Petroleum Producers Group and the Oil Producers Trade Section In addition Mr Mohammed Barkindo Secretary General of the Organization of the Petroleum Exporting Countries received the Person of the Year award in international oil diplomacy Likewise Mr Justice Derefaka Technical Advisor Gas Affairs and Policy Implementation to the Minister of State for Petroleum Resources won the 2020 Best Innovative Thinker Award The Life Time Award was won by Chief Joseph Afolabi President of Amni International Petroleum Development Company Ltd Previously Abidodun Afolabi executive director of business services at TotalEnergies said the company would continue to work with the Nigerian government Afolabi said TotalEnergies has moved on to new opportunities and approaches for hydrocarbons As you have all seen we are a new integrated energy company you can see the new logo and the new name This new year development illustrates the momentum we are adopting TotalEnergies wants to see the industry maximize potential and deliver optimal dividends to Nigerians and Africa as a whole We are committed to making Nigeria an attractive destination for business he said Afolabi however commended the Nigerian government for hosting the conference NAA NAN
    TotalEnergies, others bag awards at NIPS
      By Edith Ike Eboh Solomon Asowata TotalEnergies won the 2020 Fully Integrated Company of the Year award in the Nigerian oil and gas sector The award was presented to the company at the Nigeria Fourth International Petroleum Summit NIPS gala evening in Abuja on Monday The theme of the conference is From Crisis to Opportunity A New Approach for the Future of Hydrocarbons Other companies that have won awards include the Nigerian National Petroleum Corporation Nigeria Liquified Natural Gas Company Ltd Waltersmith Refinery and Petroleum Company the Independent Petroleum Producers Group and the Oil Producers Trade Section In addition Mr Mohammed Barkindo Secretary General of the Organization of the Petroleum Exporting Countries received the Person of the Year award in international oil diplomacy Likewise Mr Justice Derefaka Technical Advisor Gas Affairs and Policy Implementation to the Minister of State for Petroleum Resources won the 2020 Best Innovative Thinker Award The Life Time Award was won by Chief Joseph Afolabi President of Amni International Petroleum Development Company Ltd Previously Abidodun Afolabi executive director of business services at TotalEnergies said the company would continue to work with the Nigerian government Afolabi said TotalEnergies has moved on to new opportunities and approaches for hydrocarbons As you have all seen we are a new integrated energy company you can see the new logo and the new name This new year development illustrates the momentum we are adopting TotalEnergies wants to see the industry maximize potential and deliver optimal dividends to Nigerians and Africa as a whole We are committed to making Nigeria an attractive destination for business he said Afolabi however commended the Nigerian government for hosting the conference NAA NAN
    TotalEnergies, others bag awards at NIPS
    General news1 year ago

    TotalEnergies, others bag awards at NIPS

    By Edith Ike-Eboh / Solomon Asowata

    TotalEnergies won the 2020 Fully Integrated Company of the Year award in the Nigerian oil and gas sector.

    The award was presented to the company at the Nigeria Fourth International Petroleum Summit (NIPS) gala evening in Abuja on Monday.

    The theme of the conference is “From Crisis to Opportunity: A New Approach for the Future of Hydrocarbons”.

    Other companies that have won awards include the Nigerian National Petroleum Corporation, Nigeria Liquified Natural Gas Company Ltd., Waltersmith Refinery and Petroleum Company, the Independent Petroleum Producers Group, and the Oil Producers Trade Section.

    In addition, Mr. Mohammed Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries, received the Person of the Year award in international oil diplomacy.

    Likewise, Mr. Justice Derefaka, Technical Advisor, Gas Affairs and Policy Implementation to the Minister of State for Petroleum Resources, won the 2020 Best Innovative Thinker Award.

    The Life Time Award was won by Chief Joseph Afolabi, President of Amni International Petroleum Development Company Ltd.

    Previously, Abidodun Afolabi, executive director of business services at TotalEnergies, said the company would continue to work with the Nigerian government.

    Afolabi said TotalEnergies has moved on to new opportunities and approaches for hydrocarbons.

    “As you have all seen, we are a new integrated energy company, you can see the new logo and the new name. This new year development illustrates the momentum we are adopting.

    “TotalEnergies wants to see the industry maximize potential and deliver optimal dividends to Nigerians and Africa as a whole.

    “We are committed to making Nigeria an attractive destination for business,” he said.

    Afolabi, however, commended the Nigerian government for hosting the conference. (NAA)

    (NAN)

  •   By Edith Ike Eboh The Organisation of Petroleum Exporting Countries OPEC has postponed its 60th anniversary which had been planned to hold in the second half of May to September 2021 OPEC made the disclosure in a letter on Wednesday by Ihsan Abdul Jabbar Ismaael the Minister of Oil Baghda Iraq the host country which was sent to the Secretary General of OPEC Dr Mohammed Barkindo I am writing to your Excellency regarding the 60th OPEC Anniversary which was planned to take place at Al Shaab Hall in Baghdad Iraq in the second half of May 2021 Together we are still facing the continued status of COVID 19 pandemic The number of Coronavirus cases is climbing in Iraq and globally despite rolling out of vaccine Both vaccine hesitancy and its efficacy could pose serious concerns in near future It is too early to say that the pandemic hit the peak and the cases have been heading to the end Large number of people is still vulnerable across the world which could lead to resort again to or extend quarantine and lockdowns to curb spread of coronavirus While we are eager that all Declaration of Cooperation DoC countries would attend this auspicious event in Baghdad next month safety of the participants is our highest priority To this end we regretfully have to postpone the celebration to the second half of September 2021 hoping by then that we will celebrate not only the OPEC s 60th Anniversary but also the end of this Straining Pandemic We express our gratitude and appreciation for your understanding and support It would be highly appreciated if this letter could be circulated to the esteemed head of delegation the letter said NAN NAN
    OPEC postpones 60th Anniversary to September
      By Edith Ike Eboh The Organisation of Petroleum Exporting Countries OPEC has postponed its 60th anniversary which had been planned to hold in the second half of May to September 2021 OPEC made the disclosure in a letter on Wednesday by Ihsan Abdul Jabbar Ismaael the Minister of Oil Baghda Iraq the host country which was sent to the Secretary General of OPEC Dr Mohammed Barkindo I am writing to your Excellency regarding the 60th OPEC Anniversary which was planned to take place at Al Shaab Hall in Baghdad Iraq in the second half of May 2021 Together we are still facing the continued status of COVID 19 pandemic The number of Coronavirus cases is climbing in Iraq and globally despite rolling out of vaccine Both vaccine hesitancy and its efficacy could pose serious concerns in near future It is too early to say that the pandemic hit the peak and the cases have been heading to the end Large number of people is still vulnerable across the world which could lead to resort again to or extend quarantine and lockdowns to curb spread of coronavirus While we are eager that all Declaration of Cooperation DoC countries would attend this auspicious event in Baghdad next month safety of the participants is our highest priority To this end we regretfully have to postpone the celebration to the second half of September 2021 hoping by then that we will celebrate not only the OPEC s 60th Anniversary but also the end of this Straining Pandemic We express our gratitude and appreciation for your understanding and support It would be highly appreciated if this letter could be circulated to the esteemed head of delegation the letter said NAN NAN
    OPEC postpones 60th Anniversary to September
    General news1 year ago

    OPEC postpones 60th Anniversary to September

    By Edith Ike-Eboh

    The Organisation of Petroleum Exporting Countries (OPEC) has postponed its 60th anniversary which had been planned to hold in the second half of May to September, 2021.

    OPEC made the disclosure in a letter  on Wednesday by Ihsan Abdul Jabbar Ismaael, the Minister of Oil,  Baghda-Iraq, the host country, which was sent to the Secretary General  of OPEC, Dr Mohammed Barkindo.

    “I am writing to your Excellency regarding the 60th OPEC Anniversary which was planned to take place at Al-Shaab Hall in Baghdad, Iraq in the second half of May 2021.

    “Together, we are still facing the continued status of COVID-19 pandemic. The number of Coronavirus cases is climbing in Iraq and globally despite rolling out of vaccine.

    “Both vaccine hesitancy and its efficacy could pose serious concerns in near future. It is too early to say that the pandemic hit the peak and the cases have been heading to the end.

    “Large number of people is still vulnerable across the world which could lead to resort again to or extend quarantine and lockdowns to curb spread of coronavirus .

    “While we are eager that all  Declaration of Cooperation (DoC) countries would attend this auspicious event in Baghdad next month, safety of the participants is our highest priority.

    “To this end, we regretfully have to postpone the celebration  to the second half of September 2021, hoping by then that we will celebrate not only the OPEC’s 60th Anniversary but also the end of this Straining  Pandemic.

    “We express our gratitude and appreciation for your understanding and support. It would be highly appreciated if this letter could be circulated to the esteemed head of delegation,” the letter said. (NAN)

    (NAN)

  •  The OPEC Secretariat on Tuesday launched its Annual Statistical Bulletin ASB to help provide data statistics in the global oil sector The organisation disclosed this on its website www opec org It said that 2020 ASB provided a wide range of data on the oil and gas industry worldwide as well as key economic indicators The organisation noted that it would serve as an important source of reliable information for research analysts and academics as well as policymakers and industry stakeholders It added that the publication provided detailed and comprehensive time series data on different aspects of the petroleum industry including production demand imports and exports as well as exploration and transportation activities The flagship publication also provides key statistical data on oil and natural gas activities in each of OPEC s 13 Member Countries OPEC saidIt named the countries as Algeria Angola Congo Equatorial Guinea Gabon IR Iran Iraq Kuwait Libya Nigeria Saudi Arabia the UAE and Venezuela It noted that the publication had not only been optimised in terms of size and valuable information but also through enhancing its accompanying features such as the ASB interactive version which had completely new and enhanced design According to the organisation the ASB is also available through an in house developed App for iOS and Android Dr Mohammed Barkindo OPEC Secretary General in his remarks emphasised that policymakers energy analysts academics and industry leaders have increasingly come to rely on the insights gleaned from the pages of the ASB as trusted reference tool for vital data on the global oil and gas industry Through the ASB and indeed all of its publications and communications OPEC is dedicated to enhancing data transparency through wider dissemination of high quality timely oil and gas data This underpins OPEC s overarching goal of fostering sustainable oil market stability for the benefit of producers consumers and the global economy Barkindo said Also Prof Jonas Puck who attended the launch as special guest and sponsor of the event also stressed the importance of reliable and comprehensive data for analysis and decision making Ms Boshra AlSeiari Head of OPEC s Data Services Department provided a detailed presentation of the publication s main highlights Total world crude oil production declined in 2019 by 0 56 million barrels day mb d or 0 7 per cent as compared to 2018 to average 75 26 mb d following a historical high during 2018 OPEC crude oil production declined sharply year on year by 1 86 mb d or 6 0 per cent while crude production by non OPEC countries grew by 1 30 mb d or 2 9 per cent With an average of 99 67 mb d in 2019 world oil demand grew by 0 9 per cent y o y with the largest increases recorded for the Asia and Pacific region particularly China and India Africa and the Middle East OECD oil demand fell slightly in 2019 while oil demand in OPEC member countries returned to growth in 2019 AlSeiari said She noted that OPEC member countries exported an average of 22 48 mb d of crude oil in 2019 a sharp decrease of about 1 80 mb d or 7 4 per cent compared to 2018 Following the pattern of previous years she noted that the bulk of crude oil from OPEC member countries was exported to the Asia and Pacific region followed by Europe North America imported 1 22 mb d of crude oil from OPEC member countries which was about 1 41 mb d or 53 6 per cent less than the 2018 volumes World proven crude oil reserves stood at 1 551 billion barrels bn b at the end of 2019 increasing by 3 6 per cent from the level of 1 497 bn b recorded at the end of 2018 Proven crude oil reserves in OPEC member countries increased by 3 7 per cent to 1 227 bn b at the end of 2019 World refinery capacity expands by 1 41 million barrels calendar day mb cd to stand at 100 98 mb cd during 2019 she said Edited By Chinyere Bassey Wale Ojetimi NAN
    OPEC launches Annual Statistics Bulletin
     The OPEC Secretariat on Tuesday launched its Annual Statistical Bulletin ASB to help provide data statistics in the global oil sector The organisation disclosed this on its website www opec org It said that 2020 ASB provided a wide range of data on the oil and gas industry worldwide as well as key economic indicators The organisation noted that it would serve as an important source of reliable information for research analysts and academics as well as policymakers and industry stakeholders It added that the publication provided detailed and comprehensive time series data on different aspects of the petroleum industry including production demand imports and exports as well as exploration and transportation activities The flagship publication also provides key statistical data on oil and natural gas activities in each of OPEC s 13 Member Countries OPEC saidIt named the countries as Algeria Angola Congo Equatorial Guinea Gabon IR Iran Iraq Kuwait Libya Nigeria Saudi Arabia the UAE and Venezuela It noted that the publication had not only been optimised in terms of size and valuable information but also through enhancing its accompanying features such as the ASB interactive version which had completely new and enhanced design According to the organisation the ASB is also available through an in house developed App for iOS and Android Dr Mohammed Barkindo OPEC Secretary General in his remarks emphasised that policymakers energy analysts academics and industry leaders have increasingly come to rely on the insights gleaned from the pages of the ASB as trusted reference tool for vital data on the global oil and gas industry Through the ASB and indeed all of its publications and communications OPEC is dedicated to enhancing data transparency through wider dissemination of high quality timely oil and gas data This underpins OPEC s overarching goal of fostering sustainable oil market stability for the benefit of producers consumers and the global economy Barkindo said Also Prof Jonas Puck who attended the launch as special guest and sponsor of the event also stressed the importance of reliable and comprehensive data for analysis and decision making Ms Boshra AlSeiari Head of OPEC s Data Services Department provided a detailed presentation of the publication s main highlights Total world crude oil production declined in 2019 by 0 56 million barrels day mb d or 0 7 per cent as compared to 2018 to average 75 26 mb d following a historical high during 2018 OPEC crude oil production declined sharply year on year by 1 86 mb d or 6 0 per cent while crude production by non OPEC countries grew by 1 30 mb d or 2 9 per cent With an average of 99 67 mb d in 2019 world oil demand grew by 0 9 per cent y o y with the largest increases recorded for the Asia and Pacific region particularly China and India Africa and the Middle East OECD oil demand fell slightly in 2019 while oil demand in OPEC member countries returned to growth in 2019 AlSeiari said She noted that OPEC member countries exported an average of 22 48 mb d of crude oil in 2019 a sharp decrease of about 1 80 mb d or 7 4 per cent compared to 2018 Following the pattern of previous years she noted that the bulk of crude oil from OPEC member countries was exported to the Asia and Pacific region followed by Europe North America imported 1 22 mb d of crude oil from OPEC member countries which was about 1 41 mb d or 53 6 per cent less than the 2018 volumes World proven crude oil reserves stood at 1 551 billion barrels bn b at the end of 2019 increasing by 3 6 per cent from the level of 1 497 bn b recorded at the end of 2018 Proven crude oil reserves in OPEC member countries increased by 3 7 per cent to 1 227 bn b at the end of 2019 World refinery capacity expands by 1 41 million barrels calendar day mb cd to stand at 100 98 mb cd during 2019 she said Edited By Chinyere Bassey Wale Ojetimi NAN
    OPEC launches Annual Statistics Bulletin
    Oil & Gas2 years ago

    OPEC launches Annual Statistics Bulletin

    The OPEC Secretariat on Tuesday launched its Annual Statistical Bulletin (ASB) to help provide data statistics in the global oil sector.

    The organisation disclosed this on its website www, opec.org.

    It said that 2020 ASB provided a wide range of data on the oil and gas industry worldwide as well as key economic indicators.

    The organisation noted that it would serve as an important source of reliable information for research analysts and academics as well as policymakers and industry stakeholders.

    It added that the publication provided detailed and comprehensive time-series data on different aspects of the petroleum industry, including production, demand, imports and exports as well as exploration and transportation activities.

    “The flagship publication also provides key statistical data on oil and natural gas activities in each of OPEC’s 13 Member Countries,’’ OPEC said

    It named the countries as Algeria, Angola, Congo, Equatorial Guinea, Gabon, IR Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the UAE and Venezuela.

    It noted that the publication had not only been optimised in terms of size and valuable information but also through enhancing its accompanying features such as the ASB interactive version, which had completely new and enhanced design.

    According to the organisation, the ASB is also available through an in-house developed App for iOS and Android.

    Dr Mohammed Barkindo, OPEC Secretary General, in his remarks emphasised that policymakers, energy analysts, academics and industry leaders have increasingly come to rely on the insights gleaned from the pages of the ASB as trusted reference tool for vital data on the global oil and gas industry.

    “ Through the ASB and indeed all of its publications and communications, OPEC is dedicated to enhancing data transparency through wider dissemination of high-quality, timely oil and gas data.

    “This underpins OPEC’s overarching goal of fostering sustainable oil market stability for the benefit of producers, consumers and the global economy,’’ Barkindo said.

    Also, Prof. Jonas Puck, who attended the launch as special guest and sponsor of the event, also stressed the importance of reliable and comprehensive data for analysis and decision-making.

    Ms Boshra AlSeiari, Head of OPEC’s Data Services Department, provided a detailed presentation of the publication’s main highlights,

    “Total world crude oil production declined in 2019 by 0.56 million barrels/day (mb/d), or 0.7 per cent, as compared to 2018, to average 75.26 mb/d, following a historical high during 2018.

    “OPEC crude oil production declined sharply year-on-year by 1.86 mb/d, or 6.0 per cent while crude production by non-OPEC countries grew by 1.30 mb/d, or 2.9 per cent.

    “With an average of 99.67 mb/d in 2019, world oil demand grew by 0.9 per cent y-o-y, with the largest increases recorded for the Asia and Pacific region (particularly China and India), Africa and the Middle East.

    “ OECD oil demand fell slightly in 2019, while oil demand in OPEC member countries returned to growth in 2019,’’ AlSeiari said.

    She noted that OPEC member countries exported an average of 22.48 mb/d of crude oil in 2019, a sharp decrease of about 1.80 mb/d, or 7.4 per cent, compared to 2018.

    Following the pattern of previous years, she noted that  the bulk of crude oil from OPEC member countries —was exported to the Asia and Pacific region, followed by Europe.

    “North America imported 1.22 mb/d of crude oil from OPEC member countries, which was about 1.41 mb/d, or 53.6 per cent, less than the 2018 volumes.

    “World proven crude oil reserves stood at 1,551 billion barrels (bn b) at the end of 2019, increasing by 3.6 per cent from the level of 1,497 bn b recorded at the end of 2018.

    “ Proven crude oil reserves in OPEC member countries increased by 3.7 per cent to 1,227 bn b at the end of 2019.

    “World refinery capacity expands by 1.41 million barrels/calendar day (mb/cd) to stand at 100.98 mb/cd during 2019,’’ she said


    Edited By: Chinyere Bassey/Wale Ojetimi (NAN)

  •  The Organisation of Petroleum Exporting Countries OPEC and its allies in the Declaration of Cooperation called OPEC has set June 22 as deadline for non compliant member on the oil output cut to submit their compensation plans The group disclosed this in a statement issued after the 19th Joint Ministerial Monitoring Committee JMMC held via video conference in Vienna on Thursday Nigeria was listed among countries yet to fully comply with the first phase of agreed production output cuts The group said that the attainment of 100 per cent conformity from all participating countries was not only fair and equitable but vital for the ongoing and timely rebalancing efforts and help in delivering sustainable oil market stability The statement reads The Committee would like to thank those participants namely Iraq and Kazakhstan which have already submitted their compensation schedules It agreed to give other under performing participants which have not yet submitted final plans until next Monday June 22 to submit their schedules for compensation to the OPEC Secretariat Furthermore the Committee mandated the Secretariat to reach out to all the underperforming Participating Countries to submit their schedules for compensation by the above mentioned date The Committee stated their appreciation of additional voluntary contributions totaling 1 2 million barrels per day made by Saudi Arabia the UAE Kuwait and Oman in the month of June The Committee thanked the Joint Technical Committee JTC and the OPEC Secretariat for its ongoing work The JTC and the JMMC will continue their monthly meetings with the next ones scheduled for 14 July and 15 July respectively it said The statement noted that the JMMC reviewed the monthly report prepared by the JTC and recent developments in the global oil market as well as immediate prospects for the remainder of 2020 and into 2021 It further reiterated the critical role that the Declaration of Cooperation DoC continued to play in supporting oil market stability and economic recovery in the face of the COVID 19 pandemic shock and the subsequent severe global economic downturn The Committee took note of the overall conformity of 87 per cent for the month of May 2020 while it also observed individual country conformity levels It reiterated the critical importance that all participating countries achieved their 100 per cent level and make up for any monthly shortfalls in the months of July August and September Earlier in his address to the JMMC Secretary General of OPEC Dr Mohammed Barkindo disclosed that it was vital that the committee looked to lay out possible pathways for the coming months and the remainder of 2020 and into 2021 He said that it would aid all ministers in their future decision making processes and enable the DoC partners to remain proactive to help further rebalance fundamentals and try and reduce volatility in the oil market We need to be calm but resolute patient but persistent From the perspective of the OPEC Secretariat let me stress that we will continue our outreach to other producers beyond the DoC as well as to consumers It is vital that we have transparent and open channels for communication At the recent Ministerial Meetings we had Ecuador Indonesia and Trinidad amp Tobago as observers The current crisis has seen us further evolve relations with producers such as Canada Norway and Colombia including recent bilateral meetings with Alberta s energy minister Norway s petroleum and energy minister and Colombia s energy minister We have benefitted from the relationships we have evolved with US tight oil producers over the last four years particularly at the annual CERAWeek conference We have also held recent briefings with major consumers China India and the European Union Edited By Chidinma Agu Maureen Atuonwu NAN
    OPEC+ sets June 22 deadline for non-compliant members on oil output cut
     The Organisation of Petroleum Exporting Countries OPEC and its allies in the Declaration of Cooperation called OPEC has set June 22 as deadline for non compliant member on the oil output cut to submit their compensation plans The group disclosed this in a statement issued after the 19th Joint Ministerial Monitoring Committee JMMC held via video conference in Vienna on Thursday Nigeria was listed among countries yet to fully comply with the first phase of agreed production output cuts The group said that the attainment of 100 per cent conformity from all participating countries was not only fair and equitable but vital for the ongoing and timely rebalancing efforts and help in delivering sustainable oil market stability The statement reads The Committee would like to thank those participants namely Iraq and Kazakhstan which have already submitted their compensation schedules It agreed to give other under performing participants which have not yet submitted final plans until next Monday June 22 to submit their schedules for compensation to the OPEC Secretariat Furthermore the Committee mandated the Secretariat to reach out to all the underperforming Participating Countries to submit their schedules for compensation by the above mentioned date The Committee stated their appreciation of additional voluntary contributions totaling 1 2 million barrels per day made by Saudi Arabia the UAE Kuwait and Oman in the month of June The Committee thanked the Joint Technical Committee JTC and the OPEC Secretariat for its ongoing work The JTC and the JMMC will continue their monthly meetings with the next ones scheduled for 14 July and 15 July respectively it said The statement noted that the JMMC reviewed the monthly report prepared by the JTC and recent developments in the global oil market as well as immediate prospects for the remainder of 2020 and into 2021 It further reiterated the critical role that the Declaration of Cooperation DoC continued to play in supporting oil market stability and economic recovery in the face of the COVID 19 pandemic shock and the subsequent severe global economic downturn The Committee took note of the overall conformity of 87 per cent for the month of May 2020 while it also observed individual country conformity levels It reiterated the critical importance that all participating countries achieved their 100 per cent level and make up for any monthly shortfalls in the months of July August and September Earlier in his address to the JMMC Secretary General of OPEC Dr Mohammed Barkindo disclosed that it was vital that the committee looked to lay out possible pathways for the coming months and the remainder of 2020 and into 2021 He said that it would aid all ministers in their future decision making processes and enable the DoC partners to remain proactive to help further rebalance fundamentals and try and reduce volatility in the oil market We need to be calm but resolute patient but persistent From the perspective of the OPEC Secretariat let me stress that we will continue our outreach to other producers beyond the DoC as well as to consumers It is vital that we have transparent and open channels for communication At the recent Ministerial Meetings we had Ecuador Indonesia and Trinidad amp Tobago as observers The current crisis has seen us further evolve relations with producers such as Canada Norway and Colombia including recent bilateral meetings with Alberta s energy minister Norway s petroleum and energy minister and Colombia s energy minister We have benefitted from the relationships we have evolved with US tight oil producers over the last four years particularly at the annual CERAWeek conference We have also held recent briefings with major consumers China India and the European Union Edited By Chidinma Agu Maureen Atuonwu NAN
    OPEC+ sets June 22 deadline for non-compliant members on oil output cut
    Oil & Gas2 years ago

    OPEC+ sets June 22 deadline for non-compliant members on oil output cut

    The Organisation of Petroleum Exporting Countries (OPEC) and its allies in the Declaration of Cooperation, called OPEC+, has set June 22 as deadline for non-compliant member on the oil output cut to submit their  compensation plans.

    The group disclosed this in a statement issued after the 19th Joint Ministerial Monitoring Committee (JMMC), held via video conference, in Vienna, on Thursday.

    Nigeria was listed among countries yet to fully comply with the first phase of agreed production output cuts.

    The group said that the attainment of 100 per cent conformity from all participating countries was not only fair and equitable, but vital for the ongoing and timely rebalancing efforts and help in delivering sustainable oil market stability.

    The statement reads: “The Committee would like to thank those participants, namely Iraq and Kazakhstan, which have already submitted their compensation schedules.

    ”It agreed to give other under performing participants, which have not yet submitted final plans, until next Monday, June 22, to submit their schedules for compensation to the OPEC Secretariat.

    “Furthermore, the Committee mandated the Secretariat to reach out to all the underperforming Participating Countries to submit their schedules for compensation by the above mentioned date.

    “The Committee stated their appreciation of additional voluntary contributions totaling 1.2 million barrels per day made by Saudi Arabia, the UAE, Kuwait and Oman in the month of June.

    “The Committee thanked the Joint Technical Committee (JTC) and the OPEC Secretariat for its ongoing work. The JTC and the JMMC will continue their monthly meetings, with the next ones scheduled for 14 July and 15 July, respectively.” it said.

    The statement noted that the JMMC reviewed the monthly report prepared by the JTC and recent developments in the global oil market, as well as immediate prospects for the remainder of 2020 and into 2021.

    It further reiterated the critical role that the ‘Declaration of Cooperation’ (DoC) continued to play in supporting oil market stability and economic recovery, in the face of the COVID- 19 pandemic shock and the subsequent severe global economic downturn.

    The Committee took note of the overall conformity of 87 per cent for the month of May 2020, while it also observed individual country conformity levels.

    It reiterated the critical importance that all participating countries achieved their 100 per cent level, and make up for any monthly shortfalls in the months of July, August and September.

    Earlier,in his address to the JMMC, Secretary General of OPEC, Dr Mohammed Barkindo, disclosed that it was vital that the committee looked  to lay out possible pathways for the coming months  and the remainder of 2020 and into 2021.

    He said that it would aid all ministers in their future decision making processes, and enable the DoC partners to remain proactive to help further rebalance fundamentals and try and reduce volatility in the oil market.

    “We need to be calm, but resolute; patient, but persistent. From the perspective of the OPEC Secretariat, let me stress that we will continue our outreach to other producers beyond the DoC, as well as to consumers.

    “It is vital that we have transparent and open channels for communication.

    “At the recent Ministerial Meetings, we had Ecuador, Indonesia and Trinidad & Tobago as observers.

    “The current crisis has seen us further evolve relations with producers such as Canada, Norway and Colombia, including recent bilateral meetings with Alberta’s energy minister, Norway’s petroleum and energy minister and Colombia’s energy minister.

    “We have benefitted from the relationships we have evolved with US tight oil producers over the last four years, particularly at the annual CERAWeek conference.

    ”We have also held recent briefings with major consumers, China, India and the European Union.”


    Edited By: Chidinma Agu/Maureen Atuonwu (NAN)