Tuesday, 2 July 2019

Opec Re-elects-Nigerias-Barkindo-Secretary-General-Seeks-Global-oil Cut

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- Nigeria's Mohammed Barkindo has been re-elected as secretary General of the Organization of Petroleum Exporting Countries (OPEC)

 - Barkindo will serve at the OPEC as its secretary for another three-year tenure 

- Salvador Fernandez, president of the conference, also announced a nine- month extension of the global oil production cut under the “ Declaration of Cooperation “ among member states 


The Organization of Petroleum Exporting Countries (OPEC ) on Monday, July 1, night announced the re-election of Nigeria’s Mohammed Barkindo as secretary General for a three-year tenure. Barkindo, who is an accomplished oil technocrat with a wealth of experience in the oil and gas sector, was first elected as Secretary General of the bloc in 2016

Addressing newsmen at the end of the 176th meeting Of OPEC member nations, Salvador Fernandez, President of the conference, also announced a nine- month extension of the global oil production cut under the “ Declaration of Cooperation “ among member states. The “Declaration of Cooperation”, an outcome of the Joint OPEC-Non-OPEC Producing Countries’ Ministerial Meeting held on December 10, 2016, was effective for an initial period of six months.   

source: legit

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