OPEC

Following the formal conclusion of the 23rd OPEC and non-OPEC Ministerial Meeting (ONOMM) held via videoconference on Thursday December 2, 2021, and in view of current oil market fundamentals and the consensus on its outlook, the OPEC and participating non-OPEC oil-producing countries reaffirm the decision of the 10th OPEC and non-OPEC Ministerial meeting on 12th […]

A Special Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via video conference on Monday, 3 January 2022, under the Chairmanship of its President, HE Bruno Jean-Richard Itoua, Congo’s Minister of Hydrocarbons and Head of its Delegation. In accordance with Article 28 of the OPEC Statute and in

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

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

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,