Barkindo gets another three years as OPEC Secretary General
THE Organisation of Petroleum Exporting Countries, OPEC, has renewed the term of office of Mr. Mohammad Barkindo as Secretary General for a further period of three years, in line with Article 28A of the OPEC Statute, with effect from 1 August 2019.
40bn barrels not likely soon as investors remain sceptical over PIGB
A report by the Department of Petroleum Resources, DPR, obtained by Vanguard showed that Nigeria’s oil reserves remain low at 37 billion barrels, despite efforts made by the government and others to achieve 40 billion barrel by 2020.
Nigeria’s rig count declines by 6, as OPEC’s reduces by 11
AT a time the oil cartel, the Organisation of Petroleum Exporting Countries, OPEC, embarked on an 800,000 barrels per day production cut for the next six months, with Nigeria contributing about 40,000 barrels, the country’s rig count took a nosedive by 6, as it recorded 28 in November as against 34 recorded in October, latest data from OPEC showed.
As Qatar quits OPEC
After about 58 years of membership of the Petroleum Exporting Countries, OPEC, the Qatari government on Tuesday January 1, 2019, finally exited the oil cartel which it joined in 1961.
OPEC Cuts to Test the Strength of Tanker Market Recovery
Organization of the Petroleum Exporting Countries (OPEC) and Russia agreed to cut oil production by 1.2 million barrels a day during their 5th meeting held on December 7 in Vienna.
OPEC, others working to achieve oil market stability – Barkindo
Organisation of Petroleum Exporting Countries, OPEC, has harped on the positive roles of Angola, as the Secretary-General, OPEC, Dr. Mohammad Sanusi Barkindo, visits Luanda, Angola.
