barkindo Archives - Freedom Online

Barkindo: Global spare oil capacity shrinking

Freedom Reporter — Tue, 16 Oct 2018 12:26:28 +0000

Secretary-General of Organisation of Petroleum Exporting Countries (OPEC), Mohammad Barkindo, on Tuesday, said global spare oil capacity was shrinking. Barkindo, who spoke at the IHS CERA Conference urged producers and companies to increase their production capacities and invest more to meet current demand. OPEC members and non-OPEC countries participating in a supply-reduction agreement are on […]

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Cartel not aiming to artificially raise oil prices amid Trump’s remarks, says Barkindo

Freedom Reporter — Fri, 20 Apr 2018 15:03:51 +0000

OPEC Secretary-General, Mohammad Barkindo, said on Friday that the cartel was not seeking to artificially drive oil prices higher in spite of such claims made by U.S. President Donald Trump. Earlier in the day, Trump wrote on Twitter that the oil prices were “artificially very high,” accusing OPEC of being behind it. “We do not […]

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OPEC cooperation with non-members on cutting crude production costs transformative, says Barkindo

Robby Akeju — Mon, 19 Feb 2018 16:13:12 +0000

Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, on Monday, declared that the organisation’s decision to cooperate with non-members in cutting crude production costs was transformative. Barkindo said this in Abuja at the opening ceremony of the maiden Nigeria International Petroleum Summit (NIPS). OPEC had made a decision for member countries to […]

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OPEC loses $1trn to oil price fluctuation

Roland Edwards — Mon, 27 Feb 2017 22:19:20 +0000

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammed Barkindo, on Monday disclosed that the organisation lost $1 trillion to dwindling oil prices. Barkindo, who is in Nigeria on a four-day working visit, said this at a news conference organised by the Minster of State for Petroleum, Dr Ibe Kachikwu. According to […]

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Barkindo becomes OPEC Sec-Gen

Freedom Reporter — Thu, 02 Jun 2016 15:34:04 +0000

Former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mohammed Sanusi Barkido, on Thursday, replaced Libya’s Abdalla El-Badri to become the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC). The appointment was announced during OPEC’s 169th meeting in Vienna, Austria. Barkindo was acting Secretary-General of OPEC in 2006. He was […]

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