You Have Made Nigeria Proud - Buhari Celebrates Outgoing OPEC Boss, Barkindo   President Muhammadu Buhari has expressed the nation’s gratitude to the outgoing Secretary-General of Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, describing him as a worthy ambassador of the country. Receiving Barkindo at State...

Oil Industry’s Upstream Spending Dropped By 30% In 2020 - Barkindo       Meanwhile, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has said that the cartel’s latest assessment shows that capital investments in the upstream of the oil and gas...

Iraqi Oil Facilities Secure, Production Continuing – OPEC   Iraqi oil facilities are secured and the country’s production is continuing, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo said on Wednesday. “It’s a big relief that the facilities continue to be secured...

OPEC Mulls Deeper Oil Cuts Over Lingering Demand Concerns   The Organisation of the Petroleum Exporting Countries (OPEC), Russia, and their allies have not ruled out deeper oil output cuts when they next meet December 5-6 in Vienna, Austria, even as OPEC’s analysis arm revised upward...

Meeting Global Oil Demand Requires $10.3tr investment– OPEC The Oil-Producing Exporting Countries (OPEC) yesterday disclosed that a whopping $10.3 trillion investment would be required to meet the 15 million barrels per day (mb/d) projected increase in global oil demand from 94.5 mb/d in 2016...

A former Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Mohammed Barkindo, has emerged as the Secretary-General of the Organisation of Petroleum Exporting Countries. Two OPEC delegates said Nigerian candidate Barkindo was chosen to be OPEC’s new secretary-general on Thursday in Vienna at...