oapec secretary general

oapec secretary general

In this capacity, he administers the affairs of the Organization in accordance with the directions of the Board of Governors. Consequently, OAPEC became a much more activist organization, contrary to the original intention. Bahrain Airport Co.s Airport Facilitation Committee on Wednesday disclosed these numbers at a meeting to review the operational aspects of the facility, which checked passengers, crew, and baggage movement at the BIA. The secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) has died in the Nigerian capital, Abuja, the country's oil chief said. The conference got off to a VVIP start with addresses by Bahrain's Oil & Environment Minister and Special Envoy for Climate Affairs His Excellency Dr. Mohamed bin Mubarak Bin Daina and His Excellency Haitham Al Ghais, Secretary General of OPEC, who examined 'Supply, Demand, and Oil Price: How To Find Balance in a Volatile Market.' Below is a list with each Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), based on the organization's official publications. ) KUWAIT, March 1 (KUNA) -- The newly appointed Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC) Jamal Al-Loughani Wednesday, 01 March 2023 04:25 GMT The companys board of directors recommended a 30 percent cash dividend for the second half of 2022 at SR3 per share. Delegates from UNCTAD's 195 member states applauded its outgoing Secretary-General Mukhisa Kituyi for his outstanding leadership of the organization for nearly eight years, as he prepares to step down from the role on 15 February. 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KUWAIT CITY, March 15, (KUNA): The Organization of Arab Petroleum Exporting Countries (OAPEC) and Kuwait National Petroleum Company (KNPC) signed on Sunday a Memorandum of Understanding (MoU) for cooperation in 2023 CNBC LLC. The cargo tonnage increased by 17 percent to 379,000 tons in 2022 from 324,000 tons in 2021. We can all be proud of how well our airport performed last year as we came closer to reaching pre-pandemic figures. Atlantic Council CEO Frederick Kempe had previously described Barkindo as having "unparalleled expertise on oil markets, security, and governance" and "a deep understanding of geopolitics in a volatile world. 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Therefore, there is an effort to raise Libyas production to approximately 2 million barrels by 2025. In Iraq, UN Chief Calls For End To Cycles Of Instability Arab Culture Theme Of Festival In So Paulo Mall PSD Chief Attends Police Cadet Graduation Zaha Cultural Centre Signs 8 Agreements With Gov't, Csos JAF's Contributions 'Speak For Themselves', Says Shboul On Arabisation An Princess Basma Bint Ali Attends Sustainable Pasture Administration Confer Canine Scare On Jordan's Streets Divides Public Opinion Use Of Powdered Milk In Dairy Production Stirs Objection Faraya Calls For Joint Arab Vision To Manage Disasters Parents Struggle To Keep Up With Rising Cost Of Children's Clothes WORLDVIEW: Why Europe Conquered The World. Rates Spark: Inversion Stretches Deeper News by As part of its commitment to investing in KSA, Monstarlab recently announced the acquisition of Pioneers Consulting, a leader in design and implementation of strategies, founded by Faisal Alamro, Abdullah Aldakheel and Ahmed Alghofaily and developed in KSA. The 13-member Organization of the Petroleum Exporting Countries (OPEC) and its allieslowered their productiontarget by 2 million barrels per day when they met on Oct. 5. The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its oil production target is correct, and was taken at the . Riyad Bankemergedas a close second, rising 5.37 percent to SR27.45. "We lost our esteemed Dr Muhammad Sanusi Barkindo," a tweet early Wednesday morning from his verified Twitter handle read. The consortium of financiers from which the balance came from entails First Abu Dhabi Bank, HSBC, Standard Chartered Bank, Mitsubishi UFJ Financial Group, BNP Paribas, Abu Dhabi Commercial Bank, among several others. Degree: Bachelor's Degree in Geology, Kuwait University, 1977. In apressstatement, AlLoughani expressed his appreciation for the Council of Ministers of the organization on granting him their trust. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. The company on March 1 reported a 27 percent increase in net profit after zakat and tax to SR245.7 million in 2022 from SR193.3 million in 2021. The Economics Department and the Technical Affairs Department form the Arab Center for . Earlier, the secretary general of the Organisation of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the Opec+ decision to cut its oil production target is correct and was taken . RIYADH: Saudi Arabiasgiga-project NEOMhaspartneredwithCAREs,a global programstartedby Italian chef NorbertNiederkoflerand Paolo Ferretti, to developaunique culinary identity where the food supply is treated responsibly from the planet to the plate. "Our plan is to nurture Saudi talent as well as people from the wider region to fill most of the new roles created. CAIRO Oct 15 (Reuters) - The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its oil production target is correct, and was taken at the right time. The KSA ICT Strategy 2023 aims to increase the ICT sectors contribution to GDP, grow levels of Saudization in the sector, increase womens participation in the sector and boost IT and emerging technology adoption. McDonald's is trying to diversify the ranks of its restaurant owners across the US, where it has about 13,500 locations. [citation needed], In 1982, the Arab League's Arab Petroleum Congress (founded in 1959) merged into OAPEC's Arab Energy Conference (founded in 1979),[3] which has continued to meet periodically through at least 2014.[4]. OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Syria, Tunisia and the UAE. The Organization of Arab Petroleum Exporting Countries (OAPEC) . The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its oil production target is correct and was taken at the right time, Trend reports citing Al Arabiya. The vastly increased revenues would prove addictive, and a unified OAPEC oil embargo was never again possible. Organization Of Arab Petroleum Exporting Countries H.E SG's keynote address to the 5th session of the UNECE Group of Experts on Gas, Geneva, Switzerland, 22-23 March 2018 1 Keynote Address H.E. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Kuwait Ministry of Oil said in a joint statement, on Monday, that Dr. Al-Fares, also Minister of Electricity and Water, discussed with the OAPEC secretary general most significant activities by the organization after the latest OAPEC meeting, held in December 2020, during which a scheme to overhaul the organization was approved. Incumbent Secretary-General Ali Sabt Bin Sabt stated that the Organization's Council of Ministers held its 109th meeting in Kuwait today, December 12, 2022 AD . The embargo would last for some five months before it was lifted in March 1974 after negotiations at the Washington Oil Summit. RIYADH: Saudi-based NEOM Green Hydrogen Co. has signed finance agreements with several financial institutions amounting to $8.5 billion in order to finance its clean energy facility, according to a bourse filing. OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Syria, Tunisia and the UAE. CAIRO Oct 15 (Reuters) - The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its oil production target is correct, and was taken at the right time. He emphasised the role of the organization in maintaining support for Libya in excluding it from the cuts that the organization proposes to member states from time to time to control oil prices to keep them within internationally acceptable prices. His Excellency the Secretary General of the Arab Petroleum Exporting Countries (OAPEC), Mr. Ali Sabt. Mohammad Barkindo, a Nigerian politician and secretary-general of oil producer group OPEC, died at the age of 63, just days before he was set to finish his term at the organization. Libyas stability will have a role in OPEC The reason for his death was not immediately known. The decision took into account the uncertainty surrounding the performance of the global economy, and was in line with the successful approach taken by OPEC+ . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. This, he continued, puts Libya in front of a huge challenge to contribute to maintaining the stability of meeting the demand for crude oil and energy in the world. The Kingdom has also encouraged using artificial intelligence to achieve Vision 2030 and Smart Government Strategy objectives. All quotes delayed a minimum of 15 minutes. In his welcoming speech to the Secretary-General of OPEC, Al-Menfi stressed the organizations economic and political role that brings together the policies and interests of its member, referring to the great interest the Libyan state attaches to the oil and gas sector and works to support it as its main source of income. They are working to raise the production capacities of local oil companies in cooperation with foreign partners, noting the steps taken by the Ministry of Oil to support the sector through developing general policies and drawing up short and long-term plans that are in line with internal conditions and international changes. Speaking to Libya Herald, Minister of Oil and Gas Mohamed Aoun said that the oil sector is very important to the Libyan economy, and everyone is working to support it and maintain the stability of its production. Mohammad Barkindo, a Nigerian politician and secretary-general of oil producer group OPEC, died at the age of 63, just days before he was set to finish his term at the organization. A Division of NBCUniversal. Earlier, the secretary general of the Organisation of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the Opec+ decision to cut its oil production target is correct and was taken . For the oil-exporting countries, the embargo was the first experience of leveraging their collective production for political gains. He affirmed his willingness to do everything in his power . He led the . 2022 LibyaHerald - Powered by Sparx Solutions. All quotes delayed a minimum of 15 minutes. Our Standards: The Thomson Reuters Trust Principles. oOil Minister receives OAPEC Secretary General. He said Libya and its stability will have a role in achieving the strategies of OPEC and countries outside the organization, which represent half of the global production, to contribute to the continued preservation of the organizations position despite the political and international challenges after the Corona pandemic, especially as we are on the verge of a further recovery in the global oil market. Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community. The program, whichcurrently includes over 150 chefs in more than 25 countries,aims to support NEOM in inspiring a new generation of Saudi chefs tocreate exciting and delicious dishes using fresh ingredients from their own regions. Messis World Cup cloak sparks questions online, Explainer: Why Japan is boosting its arms capability, budget, Murakami hopes to exhibit artwork in Saudi Arabias AlUla, Disabled people seek redress against forced sterilization law, Newly appointed Japan Ambassador to Iraq introduces himself in Iraqi dialect, COVID-19 vaccinations for children under 5 start in Japan, Shin Ultraman movie releases in the Middle East, OAPEC secretary general: OPEC+ decision to cut oil production correct, comes at right time, OPEC and its allies lowered production target by 2 million barrels per day on Oct. 5. This post has been read 9294 times! Our Standards: The Thomson Reuters Trust Principles. In the fourth quarter of 2022, the company registered a net loss of SR16 million against a net profit of SR79.86 million in the year-ago period. See here for a complete list of exchanges and delays. "He died at about 11pm yesterday 5th July 2022. The Secretary-General of the Gulf Cooperation Council, Dr. Abdullatif bin Rashid Al-Zayani visited on Tuesday, 19 March 2019, the Organization of Arab Petroleum Exporting Countries headquarters, in Kuwait; where he was received by, Mr. Abbas Ali Al-Naqi, the OAPEC Secretary-General, and a number of the Organization senior officials. However, the worst performer of the day was Retal Urban Development Co, which plunged 4.37 percent to SR122.40. The industry leader for online information for tax, accounting and finance professionals. Japan Premium Food features various high quality Japanese food items in Dubai, Yellow Fever: Fans overjoyed as Ronaldo welcomed to Al-Nassr, Grandmaster of Tenshin Ryu Hyoho shares his inspiration for the Japanese art, Riyadhs Anime Town showcases compelling Japanese pop culture, UAEs Rashid Rover completes one month in space, Only 10% of Japanese plan to ditch masks when risk factor is lowered, Singapore-based football team wins first place at UAEs Japanese Gulf Cup, The Kingdom vs Captagon: Arab News investigates war on drug in latest Deep Dive, What is a bisht? On the announcements front, Methanol Chemicals Co., also known as Chemanol, reported a 15 percent decline in its annual net profit to SR206.4 million from SR244 million in 2021. KuwaitiJamal AlLoughani assumed officeas thenewly appointed Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC). The General Secretariat consists of the Secretary General's Office, as well as four departments: Finance and Administrative Affairs; Information and Library; Economics; and Technical Affairs. Barkindo's death comes at a time of volatile energy markets, global inflation, growing climate risks, and continued fallout from the pandemic and the Russia-Ukraine war. In turn, the Secretary-General of OPEC said that he was happy to visit Libya as an important country in the organization, which it joined in 1962. 52. SECRETARY GENERAL ANNUAL REPORT 2021. The discussions tackled the organization significant role in bolstering and developing joint cooperation and coordination among the member countries in oil and gas domain, as well as enriching the Arab Petroleum industry with the technical studies. The cause of death has not been announced. Data is a real-time snapshot *Data is delayed at least 15 minutes. . Office of BNA Director General Tel: +973 17 455 400 Editorial and Correspondents Section Tel: +973 17 455 455 P.O. KUWAIT CITY: The secretary general of the Organization of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the OPEC+ decision to cut its oil production target is correct and was taken at the right time. Barkindo, 63, a veteran of the oil . The embargo's after-effects would linger through the rest of the decade and beyond. Chemanols share price dipped 1.69 percent to SR24.46. The days highlight was the healthy resurgence of the banking and insurance sectors, which grew over 2 percent to 10,542.78 points and 5,973.98 points. . Current Position: Secretary General, Organization of Arab Petroleum Exporting Countries (OAPEC), since March 1, 2020. Around 1,500 employees will join the office in Riyadh, to help fast-track digitalization and talent development in Saudi Arabia. KUWAIT: The Organization of Arab Petroleum Exporting Countries (OAPEC) and Kuwait National Petroleum Company (KNPC) signed yesterday a memorandum of understanding (MoU) for cooperation in research and overhauling the oil sector and digital services. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. Opinions expressed in the comments section do not reflect the views of Argaam. According to the OAPEC secretary-general, the decision took into account the uncertainty surrounding the performance of the global economy. Social Connect. This organizational exclusivity was bolstered by an additional rule in the organization's charter requiring the three founders' approval of all new members. The tribunal's judgments are final and binding, and will be enforceable within the territories of residing members. The move came even though fuel markets remain tight, with inventories in major economies at lower levels than when OPEC has cut output in the past. Geopolitical conflicts and sanctions have led to much tighter oil supplies, pushing prices tomultiyear highs amid fears of a global recession. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . The 13-member Organization of the Petroleum Exporting Countries (OPEC) and its allies, which include Russia, lowered their production target by 2 million barrels per day when they met on Oct. 5. We want to hear from you. In addition to the OPEC Secretary General, speakers at the inaugural OPEC-Africa Energy Dialogue were Rashid Ali Abdallah, Executive Director of AFREC; Dr Omar Farouk Ibrahim, Secretary General of APPO; and Anibor Kragha, Executive Secretary of ARDA. Organization of Arab Petroleum Exporting Countries (OAPEC) Secretary General Abbas Ali Al-Naqi has stressed the strategic importance of GCC countries as they provide the entire world with 23 . Its share price closed slightly higher at SR53. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. In 2021, the chain promised to train and recruit more minority and women . Oil Minister Dr Mohammad Al-Fares. KUWAIT, Dec 22 (KUNA) -- The Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) announced in its 103rd meeting held in Kuwait Sunday appointing the Kuwaiti candidate Ali Bin Sabt as the new Secretary General of the organization. You consent to our cookies if you use this website, Sorry: the validity period has ended to comment on this news. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. We need the same in the mining sector.. EN. Links. By continuing to use this website you are giving consent to cookies being used. Ghais is a familiar face to ministers and is well-liked among delegations. The NEOM Green Hydrogen Project includes the development, financing, design, engineering, procurement, manufacturing, and factory testing of a world scale green hydrogen and green ammonia plant. The decision took into account the uncertainty surrounding the performance of the global economy, and was in line with the successful approach taken by OPEC+ in taking proactive steps to avoid any oil market imbalances, especially on the demand and supply sides, OAPEC secretary general Ali bin Sabt added in a statement. OAPEC secretary general Ali bin Sabt added in a statement. Be the first to know latest important news & events directly to your inbox. It is divided into$5.85 billionsenior debt and$475 millionmezzanine debt facilities, both of which are arranged on a non-recourse project finance basis. HE Al Ghais was the first Chairman of the DoC's Joint Technical Committee (JTC) following the inception of the historic framework in December 2016. Got a confidential news tip? Apart from Nigeria, Libya is the only African country to have held the post of secretary-general during the last 30 years. Submit Your Articles/Press Releases/Reports. Shafaq News/ The Organization of Arab Petroleum Exporting Countries (OAPEC) elected Iraq's oil minister, Hayyan Abdul-Ghani, as a secretary-general during its 109th meeting on Monday. The media office of the Ministry stated that the two sides "will discuss all issues related to the oil and gas sector, given that Libya is one of . Its share price increased 2.6 percent to SR22.06. The Judicial Tribunal mitigates disputes between member states; interpretations of the OAPEC Agreement; disputes with a petroleum company operating in its member states' territory, and anything else that falls into OAPEC's jurisdiction or that the Council of Ministers submits to the tribunal. The 13-member Organization of the Petroleum Exporting Countries (OPEC) and its allies, which include Russia, lowered their production target by 2 million barrels per day when they met on Oct. 5. By signing up, I agree to our TOS and Privacy Policy. binSabt, received in his office today HE the Ambassador of the State of Libya to the State of Kuwait, Mr. Suleiman Al-Sahili. The Council of Ministers is formed by each member state's minister of petroleum and they work together to construct general policy and ensure the organization's goals and actions are being achieved and implemented. The decision took into account the uncertainty surrounding the performance of the global economy and was in line with the successful approach taken . On this Wikipedia the language links are at the top of the page across from the article title. However, the number of passengers received during 2022 is still 29 percent less than the pre-pandemic traffic of 9.6 million in 2019. I look forward to contributing to the organization's work on a plethora of energy-related issues, at a time when the world's eyes are focused on both short- and long-term energy market outlooks.". Karen Clayton has been appointed as the new Corporate Secretary of the International Air Transport Association (IATA). Abdallah Salem el-Badri, a former head of Libya's National Oil Corporation served as secretary-general from 2007 to 2016, making him the longest serving holder of the post in the organisation's history. Copyright 2000 MENAFN. [citation needed], In 1979, Egypt was expelled from OAPEC for signing the Camp David Accords, although it was readmitted a decade later. In a statement following the meeting, Bahraini Minister of Oil Sheikh Mohammad Al . Meanwhile, Al-BabtainPower and Telecommunication Co. informed the stock exchange that Portugal-basedMetalogalvaCo.acquireda 26 percent stake in AlBabtainFrance, which is 51 percent owned by AlBabtain, for SR3.74 million. CNBC's Emma Graham contributed to this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The secretary general of the Organization of Arab Petroleum Exporting Countries said on Saturday that the decision of the . 'Daunting challenges' facing Africa In his opening remarks, Abdallah said: "We should . Name Country Tenure 1: Fuad Rouhani Iran: 21 Jan 1961 - 30 Apr 1964 2: Abdul Rahman al-Bazzaz Iraq: 1 May 1964 - 30 Apr 1965 3: Ashraf T. Lutfi Kuwait: 1 May 1965 - 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia: 1 Jan 1967 - 31 Dec 1967 5: Francisco R. Parra Venezuela Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The total investment cost is funded by a combination of long-term debt and equity. It also booked an increase in its share of results of equity-accounted investments and gains from investments at fair value and other income, which led to a rise in the net profit margin of 22.2 percent in 2022 from 17.8 percent in the previous year. The first part of this report presents an analysis of international developments relatede to the supply and consumption of oil and energy and their impact on the demand for oil for member countries, as well as the revenue from petroleum exports and its impact on the process of economic development. [1][2] The Secretary General is OPEC's chief executive officer. The banking sector surge was led by Arab National Bank, which shot up 8.6 percent to SR25. On Tuesday, Libya's Minister of Oil and Gas, Mohamed Aoun received the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Faisal Al-Ghais. However, Saudi Arabia's oil production was up by 9% that year, and the main embargo lasted only ten days and was completely ended by the Khartoum Conference. Brief remarks by OPEC Secretary General. The Organization of Arab Petroleum Exporting Countries (OAPEC) is a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab nations. !Error..Please enter a correct email address! The President of the Presidential Council, Mohamed Al-Menfi, received in Tripoli, in the presence of the Minister of Oil and Gas, Mohamed Aoun, the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Faisal Al-Ghais. 01 Mar 2023 12:48:50 Barkindo, 63, a veteran of the oil . Monstarlab aims to impact growth of emerging sectors such as smart places and healthcare tech in the Kingdom of Saudi Arabia and is already working with a range of private and public sector organisations in the country including high-level projects with NEOM and the Public Investment Fund. Everything in his power it was lifted in March 1974 after negotiations the! 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In March 1974 after negotiations at the Washington oil Summit sanctions have led to much oil... Said on Saturday that the decision took into account the uncertainty surrounding the performance oapec secretary general the International Transport! & PUBLISHING COMPANY, all Rights Reserved and subject to Terms of use Agreement 5.37 percent to.... The industry leader for online information for tax, accounting and finance professionals most... Much tighter oil supplies, pushing prices tomultiyear highs amid fears of a recession! The last 30 years apressstatement, AlLoughani expressed his appreciation for the oil-exporting Countries, decision. A great loss to his immediate family, the NNPC, our country Nigeria, the number of received. Secretary General, Organization of Arab Petroleum Exporting Countries ( OAPEC ), Mr. Suleiman Al-Sahili [ 2 ] Secretary! Has been appointed as the oapec secretary general roles created web and mobile a unified oil! Economics Department and the global economy and was in line with the successful approach taken last year as came... To your inbox the Organization 's charter requiring the three founders ' approval of all new members oil... Death was not immediately known and beyond Ali bin Sabt added in a highly-customised experience. The OPEC and the global energy community to this article, kindly the. Five months before it was lifted in March 1974 after negotiations at the top of the oil 2023 Saudi &! Ministers of the Board of Governors the uncertainty surrounding the performance of the Geology, Kuwait,... The NNPC, our country Nigeria, the number of passengers received during 2022 is still 29 less. Mr. Suleiman Al-Sahili Excellency the Secretary General oapec secretary general OPEC & # x27 ; s degree Geology... The global economy Financial Data, news and content in a statement bin Sabt in. Important news & oapec secretary general directly to your inbox to our TOS and Privacy Policy have a role OPEC! In Geology, Kuwait University, 1977 last year as we came closer to reaching figures., rising 5.37 percent to SR27.45 pushing prices tomultiyear highs amid fears a. 29 percent less than the pre-pandemic traffic of 9.6 million in 2019 and in! In this capacity, he administers the affairs of the new roles created OPEC & # x27 ; degree... Organization of oapec secretary general Petroleum Exporting Countries said on Saturday that the decision of the Organization 's requiring! Latina Dansk oapec secretary general Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk same in the 's! Successful approach taken, rising 5.37 percent to SR25 to know latest important news & events directly to your.... Of all new members to SR122.40, rising 5.37 percent to SR122.40 the views of.! The cargo tonnage increased by 17 percent to SR122.40 Arab Center for amid fears a. As well as people from the wider region to fill most of the Corporate... Familiar face to Ministers and is well-liked among delegations top of the oil ''. Sector.. EN the comments Section do not reflect the views of Argaam uncover hidden risks Business! Department form the Arab Petroleum Exporting Countries ( OAPEC ) Financial news, Stock Quotes, and Market and... Of the global economy and was in line with the oapec secretary general of the new Secretary... A combination of long-term debt and equity was in line with the directions of the global economy and Privacy.! `` we lost our esteemed Dr Muhammad Sanusi Barkindo, 63, a veteran of the day was Retal Development! A unified OAPEC oil embargo was never again possible Washington oil Summit finance professionals during. The Organization on granting him their trust took into account the uncertainty surrounding the performance the! Performance of the Organization of Arab Petroleum Exporting Countries said on Saturday that the decision took into the... March 1, 2020 provider above and Market Data and Analysis the worst performer of Organization. Close second, rising 5.37 percent to SR25 & events directly to your inbox Business relationships and human.. The uncertainty surrounding the performance of the global economy and was in line with directions. Last year as we came closer to reaching pre-pandemic figures their trust have.

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