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Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the Algeria Future Energy Summit, 29 October 2018, Algiers, Algeria. Excellencies, distinguished guests, ladies and gentlemen: I have the distinct pleasure – and possibly the challenge – of speaking to you after a sumptuous lunch, courtesy of our friends at ENI. Before I begin, I would …
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 The Joint Ministerial Monitoring Committee (JMMC) reviewed the monthly report prepared by its Joint Technical Committee (JTC), including the overall conformity levels of the countries participating in the ‘Declaration of Cooperation’, during the month of September 2018, as well as the short-term prospects of the global oil market. The JMMC noted that countries participating in …
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 The third High-level Meeting of the OPEC-India Energy Dialogue was held on 17 October 2018 in New Delhi, India. The Meeting was co-chaired by HE Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas, and the OPEC Secretary General, HE Mohammad Sanusi Barkindo. Both parties reiterated the continued importance of the OPEC-India Energy Dialogue …
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OPEC Secretary General congratulates President Vladimir Putin on his birthday anniversary Vienna, Austria, 7 October 2018--OPEC Secretary General, HE Mohammad Sanusi Barkindo, extended birthday congratulations to the Russian President, HE Vladimir Putin. He thanked the President for his pivotal contribution to the 'Declaration of Cooperation' process and looked forward to further cooperation in the future. …
SEPTEMBER STATEMENT Oil Market Highlights Crude Oil Price Movements In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down for the month. Price declines were mainly due to worries that the ongoing global trade disputes would lower oil demand, strengthening US dollar, US stock builds and …
No 20/2018 Algiers, Algeria 23 Sep 2018 The 2018 OPEC World Oil Outlook (WOO) was launched today in Algiers, Algeria. First published in 2007, the WOO offers a thorough review and assessment of the medium- and long-term prospects to 2040 for the global oil industry, as well as analysis of various sensitivities that have the …
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Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the UN Climate Change Conference (COP 23/CMP 13/CMA 1-2), 16 November 2017, Bonn, Germany. Mr. President, Excellencies, ladies and gentlemen, On behalf of OPEC, I would like to offer our deep appreciation to the Government of Fiji, the city of Bonn, and the UNFCCC Secretariat, …
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OPEC Bulletin Commentary August-September 2018 The ‘poetic voice’ of man is not one commonly associated with the global political economy, economic activities or the oil industry. But often it reveals ‘truths’ that other modes of expression are unable to transmit — and one of those truths is that all spheres of human activity emerge from …
Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the Africa Oil and Power Conference, 5 September 2018, Cape Town, South Africa. Excellencies, distinguished delegates, ladies and gentlemen, It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…..it was the season of …
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The upcoming projects landscape for the medium-term (2016–2021) for OPEC Member Countries’ downstream sector is affected by two factors: the lifting of international sanctions on Iran, and the return of Gabon to the Organization. A significant number of new investments are set to occur in OPEC Member Countries. Almost 8 mb/d, of potential refining projects …
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