After five decades of operating an obsolete Petroleum Act, President Muhammadu Buhari, yesterday, signed into law, the Petroleum Industry Bill (PIB), not minding the controversial sections .....
As economies recover and anticipate improved summer travels, OPEC and its allies will carry on with production increases, just as oil price surpasses $70 a barrel ceiling despite coronavirus crises in Asia and the prospect of sanctions relief for Iran.
5 Nov 2019
OPEC Secretary-General Mohammad Barkindo said on Tuesday that the oil producer group fully supports the Paris Agreement on climate change, a day after the Trump administration said it had filed paperwork to withdraw the U. S. from the pact.
4 Oct 2019
Stakeholders have said Ecuador’s intention to exit the Organisation of the Petroleum Exporting Countries (OPEC), may not have significant impact on the outlook of the oil market as well as the cartel.
22 Aug 2019
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr Mohammad Barkindo, has congratulated Mr Timipre Sylva on his appointment as Nigeria’s Minister of State for Petroleum Resources.
12 Jun 2019
OPEC and its partners will take the current “economic bearishness” into account when they meet in coming weeks, and are committed to keeping oil markets balanced this year and beyond, its Secretary-General, Mohammad Barkindo has said.
6 Sep 2018
The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Mohammad Barkindo, predicts that world oil consumption will reach 100 million barrels per day (bpd) later this year, hitting that level much sooner than previously forecast. Barkindo said this while addressing an energy conference in South Africa’s Cape Town, saying a stable environment is needed to encourage…
24 Jul 2017
Barkindo made this known at the opening of the fourth Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) in St. Petersburg, Russia.
26 Feb 2017
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo has arrived in Nigeria on Sunday to begin a four-day working visit.