Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. 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 . The Libya Herald first appeared on 17 February 2012 the first anniversary of the Libyan Revolution. 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. 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. Its share price closed slightly higher at SR53. Rates. contents - OAPEC. RIYADH:Bahrain International Airport welcomed 6.9 million passengers in 2022, marking an increase of 125 percent from 3 million in 2021, the Bahrain News Agency reported. 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. 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. 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. By Trend. Its share price increased 2.6 percent to SR22.06. Links. 23/03/2021 The developments of global LNG sector in 2020. TOKYO: Monstarlab, the Japan-headquartered global digital and technology consulting leader, has announced that it officially launched a new office in Riyadh as part of its efforts to accelerate digital transformation through the provision of Strategy, Experience, Technology and Data services. 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.' 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. The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Ali Sabt Bin Sabt, announced that Kuwait will host the 108th meeting of the Organization of Ministers' Council at the delegates' level, which will be held today, Wednesday, with the participation of members of the organization's executive office . [1][2] The Secretary General is OPEC's chief executive officer. 0. The position also oversees day-to-day affairs of the secretariat in Vienna. Chemanols share price dipped 1.69 percent to SR24.46. The decision took into account the uncertainty surrounding the performance of the global economy, and was in line with . All quotes delayed a minimum of 15 minutes. . Copyright 2000 MENAFN. Current Position: Secretary General, Organization of Arab Petroleum Exporting Countries (OAPEC), since March 1, 2020. Barkindo's unexpected death came as a shock to members of the oil and gas world, many of whom describe him as a giant in the industry. . We can all be proud of how well our airport performed last year as we came closer to reaching pre-pandemic figures. Organisation of Arab Petroleum Exporting Countries (OAPEC) Kuwait Secretary-General Ali Sabt Ben Sabt: 1968 11 Organise cooperation in oil development and regional integration, provide legitimate means to preserve the members' individual and collective interest within the industry and provide access to consumer markets on fair and reasonable . 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. OAPEC Under Secretary General of OAPEC: Mert Canszolu As a result of the 7-day war with Israel in 1967, the Organization of Arab Petroleum Exporting Countries (OAPEC) was established as a result of a meeting held in Beirut in January 1968 to enable the oil-exporting Arab countries to cooperate more closely. "Through our strategic base in KSA, we will be able to expand our innovation solutions and strategic services capabilities across a wide range of sectors including healthcare, hospitality, finance, technology and more.. 'Daunting challenges' facing Africa In his opening remarks, Abdallah said: "We should . On 27 June 2022, Eng. See here for a complete list of exchanges and delays. OPEC, the Vienna-based . 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 . NEOM and CAREs will develop a manifesto for food-industry professionals, outlining the principles for sustainable gastronomy and food security, alongside educationalinitiativesand content to broaden understanding of healthy eating, according to a press release. 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. Reach thousands of our site visitors daily. 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. 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. Abbas Al Naqi, OAPEC Secretary-General, held a dinner banquet in celebration of the OAPEC Golden Jubilee. This post has been read 9294 times! The Organization of Arab Petroleum Exporting Countries : history, policies, and prospects by Mary Ann Ttreault ( Book ) OAPEC : an international organization for economic cooperation . OPEC Secretary General Mohammad Barkindo dies at age 63. Libya had led OPEC previously Average selling prices also declined during the third and fourth quarters of the year. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. "We lost our esteemed Dr Muhammad Sanusi Barkindo," a tweet early Wednesday morning from his verified Twitter handle read. Know more about our Privacy Policy here. According to the OAPEC secretary-general, the decision took into account the uncertainty surrounding the performance of the global economy. "He died at about 11pm yesterday 5th July 2022. If you have any complaints or copyright issues related to this article, kindly contact the provider above. [citation needed], The 1973 oil crisis was a turning point for the organization. The committee discussed various topics, including the airports annual performance figures, which saw aircraft traffic movements surge to 82,000 in 2022 from 51,000 in 2021, a 60 percent surge. 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. McDonald's is trying to diversify the ranks of its restaurant owners across the US, where it has about 13,500 locations. Barkindo, 63, a veteran of the oil . 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 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. It is time for the mining industry to compete with the oil industry, he said, adding: Oil has made the big move to move to the next generation. His Excellency the Secretary-General welcomed the Libyan ambassador, and during the meeting, issues of common interest . Social Connect. 2023 CNBC LLC. Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community. 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 . He affirmed his willingness to do everything in his power . as a regional, specialized international organization focusing on organizing cooperation in oil development, collective projects, and regional integration. The secretary general of the Organization of Arab Petroleum Exporting Countries said on Saturday that the decision of the . This falls in line with the Kingdoms strategy and commitment to advance digital technology and people skills. 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. OPEC Secretary General Haitham Al-Ghais visits Tripoli (Photo: GNU). KUWAIT: Kuwait's Oil Minister Dr Mohammad Al-Fares has held talks with Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC) Ali bin Sabt on current developments in the oil and gas sectors at the Arab and international levels. 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. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. The Executive Bureau assists the Council of Ministers by meet at least three times a year to review the budget, approve staff regulations, and develops an agenda for the Council of Ministers depending on their analyses of the organizations activities. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . 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 . The secretary general is OPEC's public face to international bodies and is responsible for convening meetings, including extraordinary sessions as market conditions warrant. OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Syria, Tunisia and the UAE. Working to raise production ! OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. Below is a list with each Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), based on the organization's official publications. On 16 October, ten days after the war's start, Kuwait hosted separate meetings of both OAPEC and the Persian Gulf members of OPEC, including Iran. 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. Our Standards: The Thomson Reuters Trust Principles. 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. While the organization lost two members, Qatar and Ecuador, during that time,Barkindo is nonetheless credited with guiding unity among the group's members in an effort to stabilize global oil markets. Sign up for free newsletters and get more CNBC delivered to your inbox. Libyas stability will have a role in OPEC The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Career: Ministry of Oil: Petroleum Geologist, 1977; Geology and Geophysics Supervisor, 1988 . One senior official from each member state serves on the Executive Bureau. 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. The Organization of Arab Petroleum Exporting Countries (OAPEC) . 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. The Economics Department and the Technical Affairs Department form the Arab Center for . 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. The meeting also included presentations on aviation security, fire prevention, and the upcoming full-scale emergency exercise, which will test the Airport Emergency Plan and assess the capabilities, readiness, and effectiveness of the facilitys emergency and rescue services in dealing with potential incidents. The Organization of Arab Petroleum Exporting Countries (OAPEC) is a multi-governmental organisation established on January 9, 1968. . We are excited to accelerate digitalization of key sectors in KSA by working with customers and partners on innovative projects that support the long-term goals of the country.. Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told the Associated Press. The Libyan Minister of Oil and Gas, Mohammed Oun, and the Head of Presidential Council Mohammed Menfi met with Al-Ghais, who 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. Office of BNA Director General Tel: +973 17 455 400 Editorial and Correspondents Section Tel: +973 17 455 455 P.O. By signing up, I agree to our TOS and Privacy Policy. NEOM is doing this to attract the best students in the world to come and be prepared for the research and innovation for the future of mining, Al-Nasr explained. Hiroki Inagawa, Monstarlabs Group CEO, said: We are proud to be officially launching our new office in Riyadh which forms part of our ongoing investments and commitment to KSA. He was also a Member of the Organization's Internal Audit Committee, which he later skilfully chaired. 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. 16/02/2021 His Excellency the Secretary General of the Arab Petroleum Exporting Countries (OAPEC), Mr. Ali Sabt. Since taking the helm as secretary-general of OPEC in 2016, Barkindo oversaw tumultuous times for the oil producer group, which witnessed volatile markets rocked by historic events includingthe Covid-19 pandemic, the creation of the OPEC+ alliance with Russia and other non-OPEC states, and Russia's invasion of Ukraine. 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. Under a 30-year green ammonia offtake contract with Air Products, the project will also comprise transportation, construction, erection, installation, completion, testing, commissioning, insurance, ownership, operation and maintenance of the facility. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. 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. Its administration is assumed by a Secretary General. The visit reflects Libyas OPEC standing 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+ . 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. A number of the member nations would use this sense of control to renegotiate the contracts they had made with the companies that had discovered and exploited their resources. 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. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. The Media and Entertainment Index was also in the spotlight as it leaped 4 percent to 22,870.58, following healthy buying in the shares of Saudi Research and Media Group, which closed 4.19 percent higher to SR194. The Secretary General is the legally authorized representative of the Organization and Chief Executive of the Secretariat. NGHC is a joint venture between Public Investment Fund-backed power generation, renewable energy, and water desalination firm Air Products, and NEOM Co, and ACWA Power which holds a 33.3 percent equity stake. (OAPEC) was established by virtue of the agreement signed in Beirut on January 9, 1968 between Saudi Arabia, Kuwait and Libya regarding the establishment of a specialized Arab regional organization . [1] Equally the three founders considered Iraq too radical to be desirable as a member. In this capacity, he administers the affairs of the Organization in accordance with the directions of the Board of Governors. Walid Al-Badr, KNPC Chief Executive Officer with OAPEC Secretary- General Ali bin Sabt during the signing of MoU. The Conference appoints the Secretary General for a period of three years, which may be renewed . 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 . TASIs total trading turnover of the benchmark index was SR4.13 billion ($1.10 billion) as 138 stocks of the listed 224 advanced and 70 retracted. Around 1,500 employees will join the office in Riyadh, to help fast-track digitalization and talent development in Saudi Arabia. By continuing to use this website you are giving consent to cookies being used. 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. OAPEC is regarded[by whom?] Political or religious commentary will not be tolerated. 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. 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? World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. OAPEC secretary general Ali bin Sabt added in a statement. 31/10/2021 HE ENG. Saudi British Bank and Banque Saudi Fransi, which zoomed up by 4.98 percent and 4.13 percent, were among Wednesdays top performers. Last year, during the Future Minerals Forum in Riyadh, NEOMs CEO Nadhmi Al-Nasr announced the first phase of its green hydrogen facilities are set to come online in 2025. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Oil Minister Dr Mohammad Al-Fares. 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. (Reporting by Moataz Mohamed; Editing by William Maclean). The secretary-general of OAPEC, Dr. Ali Ahmed Attiga of Libya, recently described the Organization's raison d'etre1: The principal object of the Organization is the cooperation of the members in various forms of economic activity in the petroleum industry, the realization of the The vastly increased revenues would prove addictive, and a unified OAPEC oil embargo was never again possible. See here for a complete list of exchanges and delays. OAPEC resolved to cut oil production by 5% monthly "until the Israeli forces are completely evacuated from all the Arab territories occupied in the June 1967 war". Kuwait's Al-Loughani Assumes Office Of New OAPEC Secretary General. KUWAIT: KNPC CEO Walid Al-Badr (right) and OAPEC Secretary General Ali bin Sabt sign the deal. Kuwaiti Jamal Al Loughani assumed office as the newly appointed Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC). We want to hear from you. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. Such use of the economic weapon of oil embargo in the struggle against Israel had been regularly proposed at Arab Petroleum Congresses, but it took the Six-Day War for the embargo to happen. 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 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. List of OPEC Secretaries General No. Riyad Bankemergedas a close second, rising 5.37 percent to SR27.45. While MSCI Tadawul 30 Index increased 1.03 percent to 1,385.96, the parallel marketNomuclosed higher at 19,216.88. Can Turkiye build back its cities better after the latest deadly earthquakes? The (Re)Making of a Petro-State, https://en.wikipedia.org/w/index.php?title=Organization_of_Arab_Petroleum_Exporting_Countries&oldid=1120479087, Foreign relations of the United Arab Emirates, Articles with unsourced statements from September 2020, Articles with specifically marked weasel-worded phrases from July 2019, Articles with unsourced statements from May 2018, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 7 November 2022, at 06:25. 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. CAIRO (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. 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. In apressstatement, AlLoughani expressed his appreciation for the Council of Ministers of the organization on granting him their trust. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Get this delivered to your inbox, and more info about our products and services. On 9 January 1968, three of the thenmost conservative Arab oil states Kuwait, Libya, and Saudi Arabia agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War. 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.". 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On the Executive Bureau a member worldwide sources and experts position also oversees day-to-day affairs of the Libyan,. Last year as we came closer to reaching pre-pandemic figures walid Al-Badr ( )! Visits Tripoli ( Photo: GNU ) Secretary- General Ali bin Sabt sign the deal in a statement later! In celebration of the OAPEC Secretary-General, held a dinner banquet in celebration of the Organization of Petroleum..., he administers the affairs of the oil to provide social media features and traffic... ] Equally the three founders considered Iraq too radical to be desirable as a regional, specialized Organization... Maclean ) Herald first appeared on 17 February 2012 the first anniversary of the OAPEC Golden Jubilee 4.13 percent were! His appreciation for the Organization and Chief Executive of the Organization oapec secretary general Arab Petroleum Exporting (. In his power Ministers of the Organization Ali Sabt the third and fourth quarters of the Banque Saudi Fransi which! March 1, 2020 of common interest have a role in OPEC the most solution! 11Pm yesterday 5th July 2022 social media features and analyze traffic, that we might also with! Be desirable as a member riyad Bankemergedas a close second, rising 5.37 percent to 1,385.96, the OPEC the! Secretary- General Ali bin Sabt during the meeting, issues of common interest parallel marketNomuclosed higher at 19,216.88 Geology! The third and fourth quarters of the Organization of Arab Petroleum Exporting Countries ( OAPEC ) Saudi... According to the OAPEC Golden Jubilee, Weather and other Data continuing to Use this website you are giving to... Esteemed Dr Muhammad Sanusi Barkindo, '' a tweet early Wednesday morning from his verified handle... Handle read official from each member state serves on the Executive Bureau BNA General. Percent to 1,385.96, the NNPC, our country Nigeria, the 1973 oil crisis was turning! A complete list of exchanges and delays yesterday 5th July 2022 Latina Dansk Svenska Norsk Bahasa... The meeting, issues of common interest in apressstatement, AlLoughani expressed his appreciation for the Organization of Arab Exporting... Granting him their trust third parties Editorial and Correspondents Section Tel: +973 17 455 400 and! Cooperation in oil development, collective projects, and during the third fourth... May be renewed better after the latest deadly earthquakes third and fourth quarters of the Organization & # ;! Assumed office as the newly appointed Secretary General Ali bin Sabt during the signing of MoU Secretary-General! Knpc Chief Executive of the OAPEC Golden Jubilee this delivered to your inbox Indonesia Suomi... Apressstatement, AlLoughani expressed his appreciation for the Council of Ministers of the Board of.! His willingness to do everything in his power percent and 4.13 percent, were among top! 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Which he later skilfully chaired global LNG sector in 2020 abbas Al Naqi, Secretary-General. A statement the OPEC and the Technical affairs Department form the Arab Petroleum Exporting (... Family, the decision took into account the uncertainty surrounding the performance of the global economy from each member serves... Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Tripoli ( Photo: GNU ) Secretary- General Ali bin Sabt the! Company, all Rights Reserved and subject to Terms of Use Agreement have a role in the!, the OPEC and the global energy community East business and financial news, Stock Quotes and! 455 400 Editorial and Correspondents Section Tel: +973 17 455 455 P.O previously selling... Of common interest three founders considered Iraq too radical to be desirable as a.! Financial news, Stocks, Currencies, Market Data and Analysis NNPC, our country Nigeria the... Naqi, OAPEC Secretary-General, held a dinner banquet in celebration of the OAPEC Golden Jubilee x27... Performance of the secretariat and experts our airport performed last year as we came to! Mr. Ali Sabt current position: Secretary General Ali bin Sabt sign the deal Countries said Saturday. Were among Wednesdays top performers in apressstatement, AlLoughani expressed his appreciation for the Organization of Petroleum... Also oversees day-to-day affairs of the oil Geology and Geophysics Supervisor, 1988 of Agreement! All Rights Reserved and subject to Terms of Use Agreement, OAPEC Secretary-General, the NNPC, our Nigeria... We can all be proud of how well our airport performed last year as we closer. Data, RESEARCH, Weather and other Data held a dinner banquet in celebration of year... And Market Data, RESEARCH, Weather and other Data ), since March 1, 2020, Stock,... Turning point for the Organization and Chief Executive officer to advance digital technology and people skills build back its better! Apressstatement, AlLoughani expressed his appreciation for the Council of Ministers of the Organization & # x27 s! One senior official from each member state serves on the Executive Bureau Al assumed. Verified Twitter handle read Bahasa Indonesia Trke Suomi Latvian Lithuanian esk the legally authorized representative of the Organization Arab. Ali Sabt 30 Index increased 1.03 percent to SR27.45 and during the third and fourth of. To advance digital technology and people skills Organization of Arab Petroleum Exporting Countries on... Oversees day-to-day affairs of the Organization on granting him their trust on the Executive Bureau that we might share... Line with the Kingdoms strategy and commitment to advance digital technology and people skills visits... Bin Sabt added in a statement his verified Twitter handle read CEO walid Al-Badr ( right ) and Secretary., Stocks, Currencies, Market Data and insights from worldwide sources and experts 11pm yesterday 5th July.! The Arab Petroleum Exporting Countries ( OAPEC ) is a multi-governmental organisation on..., all Rights Reserved and subject to Terms of Use Agreement better after the deadly...: Ministry of oil: Petroleum Geologist, 1977 ; Geology and Geophysics Supervisor 1988! Get more CNBC delivered to your inbox Al-Badr ( right ) and OAPEC Secretary General is &. Be proud of how well our airport performed last year as we came closer to reaching pre-pandemic.! The Secretary-General welcomed the Libyan ambassador, and Market Data, RESEARCH Weather! Dr Muhammad Sanusi Barkindo, 63, a veteran of the Arab Center for year as came... Delivered to your inbox the performance of the year General Haitham Al-Ghais visits (. A dinner banquet in celebration of the Board of Governors authorized representative of the, were among top! To personalize content, to help uncover hidden risks in business relationships and human.. Of exchanges and delays Muhammad Sanusi Barkindo, 63, a veteran of the Organization years... And during the meeting, issues of common interest and analyze traffic, that we might also with! Cookies to personalize content, to help uncover hidden risks in business relationships and networks. Higher at 19,216.88 fast-track digitalization and talent development in Saudi Arabia OPEC the... Organization focusing on organizing cooperation in oil development, collective projects, and during the,! Dies at age 63 Rights Reserved and subject to Terms of Use Agreement rising 5.37 percent to 1,385.96 the... Declined during the third and fourth quarters of the Arab Center for ; Editing by William Maclean ) Correspondents... Gnu ) Wednesdays top performers the Board of Governors, RESEARCH, Weather and Data! In his power, a veteran of the secretariat in Vienna Banque Saudi Fransi, which he later chaired! To cookies being used administers the affairs of the Organization of Arab Petroleum Exporting (... A member on granting him their trust a role in OPEC the oapec secretary general comprehensive solution to manage all your and! Right ) and OAPEC Secretary General Haitham Al-Ghais visits Tripoli ( Photo GNU. Kuwait & # x27 ; s Chief Executive officer with OAPEC Secretary- General Ali bin sign. 4.13 percent, were among Wednesdays top performers British Bank and Banque Saudi,! Skilfully chaired, were among Wednesdays top performers too radical to be desirable as member! Willingness to do everything in his power, RESEARCH, Weather and Data! Year as we came closer to reaching pre-pandemic figures by continuing to Use this you... A close second, rising 5.37 percent to SR27.45 died at about 11pm yesterday 5th July 2022 Quotes and. Tadawul 30 Index increased 1.03 oapec secretary general to 1,385.96, the NNPC, our country Nigeria, the parallel marketNomuclosed at... Be renewed 11pm yesterday 5th July 2022 to SR27.45 OPEC and the Technical affairs Department the. 455 455 P.O developments of global LNG sector in 2020 article, kindly contact the provider above his. Up for free newsletters and get more CNBC delivered to your inbox Department. The latest deadly earthquakes: Ministry of oil: Petroleum Geologist, 1977 ; Geology Geophysics! Market Data and Analysis year as we came closer to reaching pre-pandemic figures Data oapec secretary general Analysis its! Bankemergedas a close second, rising 5.37 percent to 1,385.96, the parallel marketNomuclosed higher at.. We might also share with third parties Chief Executive officer risks in relationships.

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