By HE Mohammad Sanusi Barkindo It is a distinct honour to address the MSGBC Oil, Gas and Power Conference and we send our warmest greetings to all participants and delegates. We commend the wise leadership of HE Macky Sall, President of Senegal, for holding such a forward-looking and innovative conference at what is a critical […]
We need invest $1.5 trillion during the period 2021-2045 Read More »
OPEC Daily Basket – December 15, 2021 OPEC daily basket price stood at $73.12 a barrel Wednesday, 15 December 2021, compared with $74.28 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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OPEC daily basket price stood at $74.28 a barrel Tuesday, 14 December 2021, compared with $75.04 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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By Eyo Nsima Despite limited investment, the Organisation of Petroleum Exporting Countries, OPEC, has listed Algeria, Libya and Nigeria as the top three exploration nations in Africa. The countries deployed 31, 14 and seven rigs respectively in their search for oil and gas in November 2021, compared to 29, 12 and eight utilized in the
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The Declaration of Cooperation of OPEC, non-OPEC oil-producing countries hit five years The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned five on December 10, 2021. On this day in 2016, OPEC Member Countries and Azerbaijan, the Kingdom of Bahrain, Brunei Darussalam, Equatorial Guinea (which later joined OPEC), Kazakhstan,
The Declaration of Cooperation of OPEC, non-OPEC oil-producing countries hit five years Read More »
OPEC daily basket price stood at $75.09 a barrel Wednesday, 8 December 2021, compared with $74.61 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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By Mohammad Sanusi Barkindo It was with great sadness that we had to postpone our in-person participation at the 23rd World Petroleum Congress (WPC). This was due to the ongoing challenges related to the COVID-19 pandemic with a recently reintroduced lockdown in the OPEC Secretariat’s home country of Austria, as well as the emergence of
Narrative around energy transition has been overtaken by emotional outbursts Read More »
Angola’s Minister of Mineral Resources and Petroleum and President of the OPEC Conference, HE Dr Diamantino Pedro Azevedo,has stated that global primary energy demand is expected to increase by 28% by 2045. He said this at the 182nd Meeting of the OPEC Conference via videoconference. Full text of the address: Your Royal Highness, esteemed colleagues,
Global primary energy demand expect to increase by 28% by 2045-Azevedo Read More »
The Organization of the Petroleum Exporting Countries (OPEC) today marks the 5th anniversary of the historic ‘Vienna Agreement’ reached at the 171st Meeting of the OPEC Conference held on 30 November 2016 in Vienna, Austria. The milestone meeting built on the successful ‘Algiers Accord’, reached in Algiers, Algeria, on 28 September 2016 at the 170th
OPEC marks the 5th anniversary of the landmark Vienna Agreement Read More »
OPEC daily basket price stood at $79.40 a barrel Tuesday, 23 November 2021, compared with $78.90 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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