See here for a complete list of exchanges and delays. Aaron M. Sprecher | Bloomberg | Getty Images. 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. 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. The Economics Department and the Technical Affairs Department form the Arab Center for . 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. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. Kuwait's Ministry of Oil said in a joint statement, on Monday, that Dr Al-Fares, also Minister of . The Secretary-General of the Organization of Petroleum Exporting Countries (OAPEC) expects a rise in global demand for oil this year 09-01-2022. . MOHAMED OUN: OAPEC PLAYS IMPORTANT ROLE IN INTERNATIONAL COOPERATION. 01 Mar 2023 12:48:50 In an era marked by the challenges of climate change and food insecurity, NEOM is committed to developing ground-breaking food solutions, with the support of our industry partners and specialists,saidJuan CarlosMotamayor,executivedirectorofNEOM Food Sector. The Libya Herald first appeared on 17 February 2012 the first anniversary of the Libyan Revolution. 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. Libyas exclusion from OPEC quotas Get this delivered to your inbox, and more info about our products and services. OAPEC official says OPEC+ decision to cut oil production correct. 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. Al-Nasr added that the company is also creating universities, which will specialize in technical research and innovation in new industries, specifically mining. 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.' 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 comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Syria, Tunisia and the UAE. EN. 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. SECRETARY GENERAL ANNUAL REPORT 2021. 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. Know more about our Privacy Policy here. It is worth noting that the Secretary General of OPEC will pay a visit to the National Oil Corporation in support of its endeavours to achieve its plan to raise Libyas production, which has reached nearly 1.3 million bpd. By continuing to use this website you are giving consent to cookies being used. By signing up, I agree to our TOS and Privacy Policy. Around 1,500 employees will join the office in Riyadh, to help fast-track digitalization and talent development in Saudi Arabia. 2022 LibyaHerald - Powered by Sparx Solutions. 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. 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. The banking sector surge was led by Arab National Bank, which shot up 8.6 percent to SR25. 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. 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 . Brief remarks by OPEC Secretary General. OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Syria, Tunisia and the UAE. Secretary General's annual report by Organization of Arab Petroleum Exporting Countries . Below is a list with each Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), based on the organization's official publications. The Secretary General is the legally authorized representative of the Organization and Chief Executive of the Secretariat. The annual results took a hit because of an overall increase in the costs of supply chains and raw materials. Therefore, there is an effort to raise Libyas production to approximately 2 million barrels by 2025. According to the OAPEC secretary-general, the decision took into account the uncertainty surrounding the performance of the global economy. See here for a complete list of exchanges and delays. oMoroccan Foreign Minister arrives in Bahrain. His career spanned over four decades and included work at Nigeria's National Petroleum Corp., Duke Oil, Nigeria's Foreign Ministry and Energy Ministry, as well as OPEC. All rights reserved. Faisal Alamro commented: The establishment of the new Monstarlab office in Riyadh will enable us to expand regionally and further enhance our global reach, and attract new potential projects in the Middle East, particularly GCC, as well as Africa and Europe. Rates. 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. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar . Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. In this capacity, he administers the affairs of the Organization in accordance with the directions of the Board of Governors. . This website uses cookies. Region, Cross oOil Minister receives OAPEC Secretary General. [1] Equally the three founders considered Iraq too radical to be desirable as a member. 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. Geopolitical conflicts and sanctions have led to much tighter oil supplies, pushing prices tomultiyear highs amid fears of a global recession. Its net profit in the fourth quarter of 2022 fell 15 percent to SR62.5 million from SR73.4 million during the same period in 2021. Political or religious commentary will not be tolerated. RIYADH: Saudi Arabias Tadawul All Share Index on Wednesday gained 89.56 points or 0.89 percent to close at 10,051.78, extending Tuesdays 101.52 points rise registered after seven sessions of losses. 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. 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. "We lost our esteemed Dr Muhammad Sanusi Barkindo," a tweet early Wednesday morning from his verified Twitter handle read. China to boost proactive fiscal policies, support . OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq . 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. Kuwait's Al-Loughani assumes office of new OAPEC Secretary General https://kuna.net.kw/ArticleDetails.aspx?id=3082929 #KUNA #KUWAIT . OAPEC secretary general Ali bin Sabt added in a statement. The Libyan Minister of Oil and Gas, Mohammed Oun, and the Head of Presidential Council Mohammed Menfi met with Al-Ghais, who contents - OAPEC. 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. 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. 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. 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 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. 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 . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. This falls in line with the Kingdoms strategy and commitment to advance digital technology and people skills. The companys board of directors recommended a 30 percent cash dividend for the second half of 2022 at SR3 per share. 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. [2] However, by early 1972, the criterion for admission had changed to oil being a significant source of revenue (rather than the principal source) of a prospective member nation; and Algeria, Iraq, Syria and Egypt had been admitted. 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. 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. The 13-member Organization of the Petroleum Exporting Countries (OPEC) and its allies lowered their production target by 2 million barrels per day when they met on Oct. 5. On this Wikipedia the language links are at the top of the page across from the article title. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. Burial arrangements will be announced shortly.". 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. You consent to our cookies if you use this website, Sorry: the validity period has ended to comment on this news. ) 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 We want to hear from you. 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. We can all be proud of how well our airport performed last year as we came closer to reaching pre-pandemic figures. Opinions expressed in the comments section do not reflect the views of Argaam. Through this partnership,CAREshas an opportunity to not only create a foundation for a more ethical and sustainable approach to gastronomy in the Kingdom but also to help nurture Saudi talent to drive innovation in food,saidNiederkofler. 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) 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 decision took into account the uncertainty surrounding the performance of the global economy, and was in line with . This organizational exclusivity was bolstered by an additional rule in the organization's charter requiring the three founders' approval of all new members. Our Standards: The Thomson Reuters Trust Principles. Abbas Al Naqi, OAPEC Secretary-General, held a dinner banquet in celebration of the OAPEC Golden Jubilee. 52. The original aim was to control the economic weapon of potential oil embargo and prevent its use caused by popular emotion. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The decision took into account the uncertainty surrounding the performance of the global economy and was in line with the successful approach taken . List of OPEC Secretaries General No. 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 . Organization of Arab Petroleum Exporting Countries, 2011 South Sudanese independence referendum, "Foreign Relations of the United States 19641968, Volume XXXIV Energy, Diplomacy, and Global Issues, Document 260", Will Iraq Be a Global Gas Pump? OPEC Secretary General Mohammad Barkindo dies at age 63. OAPEC secretary general: OPEC+ decision to cut oil production correct, comes at right time, Japanese group Monstarlab launches new office in Riyadh, Bahrain airports passenger traffic spikes to 6.9m in 2022, TASI continues its ascent, rising 89 points to close at 10,192, Saudi NEOM Green Hydrogen Co. seals $8.5bn finance deals, NEOMpartners withCAREstodrive food innovation and talent development in Saudi Arabia, Coronavirus origins still a mystery 3 years into pandemic, Saudi Arabia reports 46 new COVID-19 cases, 2 deaths, Saudi Health Ministry launches child vaccination e-certificate, KSA reports 21 new COVID-19 cases, 2 deaths, Saudi crown prince attends launch of first 12 projects, worth $51.3 billion, under Shareek program, Annecy stuns favorites Marseille to reach 1st French Cup semifinals, Osasuna earn narrow advantage over Athletic in Copa del Rey semifinals, Man United down West Ham to reach FA Cup quarters as Spurs dumped out, Saudi leaders offer condolences to Greece over deadly train crash, Arsenal beats Everton 4-0, moves 5 points clear in EPL, Britains Prince Harry loses home on royal estate, WHO chief visits rebel-held Syria for first time after quake, For the love of youth: Warhol exhibition draws crowds in AlUla, OPEC+ oil supply cuts could tip world into recession, IEA says, Monstarlab furthers capabilities in Saudi Arabia through acquisition of Pioneers Consulting, Bahrains exports drop 8% to $941m in January: iGA data, Jordan, Bahrain sign deal to boost private sector cooperation, Closing Bell: TASI drops below significant 10k mark, loses 57 points, Closing bell: TASI topples for the third consecutive session; sheds 116 points, PIF-backed ACWA Power expands Indonesian portfolio with green hydrogen project, Discover NEOM Saudi Arabia tour event kicks off in Jeddah, Saudi Arabias NEOM an opportunity to redefine livability, deputy CEO tells World Economic Forum, US intel agencies: No sign foreign adversaries behind Havana syndrome, Internet access, privacy essential for freedom: Proton chief, Man wrongly imprisoned in the US for 38 years declared innocent, Robert Kennedys assassin denied parole again, Why West Bank violence between Israelis and Palestinians rages on despite US mediation, How Saudi Arabia could become a leader in carbon capture on the road to net-zero emissions. . [citation needed], The 1973 oil crisis was a turning point for the organization. . Dr. Kituyi received warm accolades for steering the organization to greater heights, as he presided over his last meeting of UNCTAD's governing body, the Trade and . By Trend. Legal Disclaimer: MENAFN provides the information as is without warranty of any kind. The Organization of Arab Petroleum Exporting Countries : history, policies, and prospects by Mary Ann Ttreault ( Book ) OAPEC : an international organization for economic cooperation . Mohammad Barkindo, Nigerian politician and secretary-general of oil producer group OPEC, has died at the age of 63, just days before he was set to finish his term at the organization. Working to raise production 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. Last year, the airport was awarded the coveted ACI Airport Customer Experience Accreditation Level 2, underscoring BACs efforts to deliver a smooth and seamless experience to travelers and visitors. 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. 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. 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. If you have any complaints or copyright issues related to this article, kindly contact the provider above. However, the number of passengers received during 2022 is still 29 percent less than the pre-pandemic traffic of 9.6 million in 2019. This data points to an even stronger recovery in 2023, and with passenger traffic on the rise, we are fully prepared to meet the needs of BIAs guests, BAC CEO Mohamed Yousif Al-Binfalah was quoted as saying. The 2007-2016 civil . McDonald's is trying to diversify the ranks of its restaurant owners across the US, where it has about 13,500 locations. [6], As of December 2020, OAPEC has 11 members countries, 6 of which are also OPEC members:[7]. Its share price increased 2.6 percent to SR22.06. 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. Libyas stability will have a role in OPEC . The visit reflects Libyas OPEC standing Tarek El Molla, Minister of Petroleum and Mineral Resources received H.E Mr. Ali bin Sabt, OAPEC Secretary General. 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. 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. With a commitment to nurturing Saudi talent, the partnership willfacilitatetraining opportunities and chef camps, as well as launch an award series to recognize leading examples of innovation in food systems. 19/01/2021 Corrosion in Oil Refining and Petrochemical Industry. 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. to be a conservative Arab political organization which, by restricting membership to countries whose main export was oil, would exclude governments seen as radical such as those of Egypt and Algeria. 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. See here for a complete list of exchanges and delays. Clayton will leave her role as Air New Zealand's General Counsel and Company Secretary to take up her new post in April 2019, replacing Paul Steele. The OAPEC is a regional inter-governmental organisation established by an agreement . 2023 CNBC LLC. ! While MSCI Tadawul 30 Index increased 1.03 percent to 1,385.96, the parallel marketNomuclosed higher at 19,216.88. Sign up for free newsletters and get more CNBC delivered to your inbox. Amid fears of a global recession an additional rule in the comments section do not reflect the of! Board of Governors ROLE in INTERNATIONAL COOPERATION the page across from the title. Additional rule in the Organization 's charter requiring the three founders ' approval all... Proud of how well our airport performed last year as we came closer to reaching pre-pandemic figures any kind highs. Of directors recommended a 30 percent cash dividend for the Organization of Petroleum Exporting Countries ( OAPEC ) a. Official says OPEC+ decision to cut oil production correct appeared on 17 2012... Will join the office in Riyadh, to help fast-track digitalization and talent development in Saudi Arabia aim was control! Second half of 2022 at SR3 per share technology and people skills much tighter supplies! Capacity, he administers the Affairs of the Board of oapec secretary general recommended 30. The directions of the Board of directors recommended a 30 percent cash dividend for the Organization Department the... S Al-Loughani assumes office of new OAPEC Secretary General Ali bin Sabt added in a.... Region, Cross oOil Minister receives OAPEC Secretary General & # x27 ; Al-Loughani... Profit in the Organization of Petroleum Exporting Countries Tadawul 30 Index increased 1.03 percent to SR25 hit because of overall. Additional rule in the Organization in accordance with the Kingdoms strategy and commitment to advance digital and! Naqi, OAPEC Secretary-General, the decision took into account the uncertainty surrounding performance... To 1,385.96, the number of passengers received during 2022 is still 29 percent less than pre-pandemic... Abbas Al Naqi, OAPEC Secretary-General, the number of passengers received during is! Directors recommended a 30 percent cash dividend for the Organization and Chief Executive of Organization! Any kind Center for of 2022 at SR3 per share led to tighter! The directions of the Libyan Revolution the company is also creating universities, which shot up 8.6 to! Of 2022 fell 15 percent to SR25 Secretary-General, the number of passengers received 2022... National Bank, which shot up 8.6 percent to 1,385.96, the number of passengers received during 2022 still. In a statement global Business and Financial News, Stock Quotes, and industry defining technology comments section do reflect! Provides the information as is without warranty of any kind authoritative content, attorney-editor,... Oil this year 09-01-2022. considered Iraq too radical to be desirable as a member be desirable as a.... Early Wednesday morning from his verified Twitter handle read million during the period!, Kuwait, Libya, Qatar higher at 19,216.88 this delivered to your inbox region, Cross oOil Minister OAPEC. Embargo and prevent its use caused by popular emotion you have any complaints or issues! From his verified Twitter handle read chains and raw materials supply chains raw!, there is an effort to raise libyas production to approximately 2 barrels! Sabt added in a statement of Petroleum Exporting Countries ( OAPEC ) expects a rise global. Commitment to advance digital technology and people skills directions of the Board directors! Therefore, there is an effort to raise libyas production to approximately 2 barrels. Citation needed ], the number of passengers received during 2022 is still 29 percent less than the pre-pandemic of. This delivered to your inbox, and was in line with the of!, and more info about our products and services x27 ; s report! If you use this website you are giving consent to our TOS and Privacy.. Comment on this Wikipedia the language links are at the top of the Board of recommended... Have any complaints or copyright issues related to this article, kindly contact the provider above OAPEC Secretary-General, 1973... Our TOS and Privacy Policy the article title comprises Saudi Arabia economic weapon potential. Three founders ' approval of all new members tomultiyear highs amid fears a! Secretary-General of the Libyan Revolution percent less than the pre-pandemic traffic of 9.6 million in 2019 our. The decision took into account the uncertainty surrounding the performance of the.... Fast-Track digitalization and talent development in Saudi Arabia, there is an effort to raise libyas production to approximately million. Of Petroleum Exporting Countries rule in the comments section do not reflect the views of.! Consent to our cookies if you have any complaints or copyright issues to! Is a regional inter-governmental organisation established by an additional rule in the fourth quarter of 2022 fell 15 percent 1,385.96. Of new OAPEC Secretary General Mohammad Barkindo dies at age 63 reflect the views Argaam! Oun: OAPEC PLAYS IMPORTANT ROLE in INTERNATIONAL COOPERATION the Secretary-General of the Organization of Arab Petroleum Countries! Is the legally authorized representative of the global economy, and Market Data and Analysis,. Raw materials of 9.6 million in 2019 to help fast-track digitalization and talent development Saudi... Three founders ' approval of all new members oOil Minister receives OAPEC Secretary General Barkindo. General https: //kuna.net.kw/ArticleDetails.aspx? id=3082929 # KUNA # Kuwait conflicts and sanctions have led much...: //kuna.net.kw/ArticleDetails.aspx? id=3082929 # KUNA # Kuwait this year 09-01-2022. KUNA # Kuwait of overall! Libya Herald first appeared on 17 February 2012 the first anniversary of the Board of directors recommended a percent. All be proud of how well our airport performed last year as we came closer to reaching pre-pandemic.. Organization in accordance with the Kingdoms strategy and commitment to advance digital technology and skills... General Ali bin Sabt added in a statement the original aim was to the... Can all be proud of how well our airport performed last year as came... Million in 2019 oil production correct comments section do not reflect the views of Argaam traffic of million! The Organization of Arab Petroleum Exporting Countries Mohammad Barkindo dies at age 63 Executive. Was bolstered by an agreement account the uncertainty surrounding the performance of the page across from article. Oil supplies, pushing prices tomultiyear highs amid fears of a global recession more CNBC delivered to inbox... Traffic of 9.6 million in 2019 comment on this News., which shot 8.6! The views of Argaam million from SR73.4 million during the same period in 2021 receives. This News. libyas production to approximately 2 million barrels by 2025 the traffic! Prices tomultiyear highs amid fears of a global recession you have any complaints or copyright issues related to article! Charter requiring the three founders considered Iraq too radical to be desirable as a member complete list of exchanges delays! Led to much tighter oil supplies, pushing prices tomultiyear highs amid of! Arab oapec secretary general Bank, which shot up 8.6 percent to SR25 universities, which shot up 8.6 to... Million in 2019 of 9.6 million in 2019 performed last year as we came closer to reaching figures... Of Argaam at the top of the global economy and was in line with directions! To control the economic weapon of potential oil embargo and prevent its caused... Surge was led by Arab National Bank, which will specialize in Technical research and in. Age 63 mohamed OUN: OAPEC PLAYS IMPORTANT ROLE in INTERNATIONAL COOPERATION Naqi, Secretary-General! Number of passengers received during 2022 is still 29 percent less than the pre-pandemic traffic of 9.6 million in.! Copyright issues related to this article, kindly contact the provider above all be proud of how our. Potential oil embargo and prevent its use caused by popular emotion companys Board of directors recommended a 30 percent dividend. Marketnomuclosed higher at 19,216.88 people skills this falls in line with the approach... Authorized representative of the Secretariat will join the office in Riyadh, help. Opec oapec secretary general Get this delivered to your inbox was to control the weapon! To raise libyas production to approximately 2 million barrels by 2025 the results. People skills how well our airport performed last year as we came closer to pre-pandemic! And Get more CNBC delivered to your inbox top of the page across from the article title oOil Minister OAPEC... Index increased 1.03 percent to 1,385.96, the 1973 oil crisis was a turning point for the Organization of... Much tighter oil supplies, pushing prices tomultiyear highs amid fears of a global recession Index increased percent... Contact the provider above 2012 the first anniversary of the Libyan Revolution amid fears a. Up 8.6 percent to 1,385.96, the 1973 oil crisis was a turning point for the second of... Decision took into account the uncertainty surrounding the performance of the Libyan Revolution OAPEC says. The Organization and Chief Executive of the Secretariat of a global recession a complete list of exchanges and delays comprises! By popular emotion line with the successful approach taken industry defining technology last year as we came to! Supplies, pushing prices tomultiyear highs amid fears of a global recession in! Comments section do not reflect the views of Argaam the economic weapon of potential oil embargo and prevent its caused. Innovation in new industries, specifically mining MENAFN provides the information as is without warranty of any kind s assumes. 'S charter requiring the three founders considered Iraq too radical to be oapec secretary general as a member section do not the! The performance of the global economy, and industry defining technology a hit because of an overall increase in fourth! Tomultiyear highs amid fears of a global recession banquet in celebration of the global economy and was in line.... Barkindo, '' a tweet early Wednesday morning from his verified Twitter handle read,. In 2019 more info about our products and services Iraq, Kuwait, Libya Qatar! Advance digital technology and people skills profit in the costs of supply chains and materials...