Search results for: Mohammed Barkindo

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  • 1 June 2016

    VIENNA (Reuters) – A Nigerian oil technocrat has emerged as frontrunner to take the top job at OPEC, with members seeing Mohammed Barkindo as what would be a rare compromise candidate to lead the group amid rising tensions between Saudi Arabia and Iran. Barkindo has been a key face of the Nigerian oil industry for […]

  • 27 April 2017

    By Alex Lawler and Bate Felix PARIS (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now moving forward and investment specifically in short-cycle projects […]

  • 7 November 2016

    ABU DHABI (Reuters) – The United Arab Emirates (UAE) energy minister Suhail bin Mohammed al-Mazrouei said on Monday the global oil supply glut was almost gone. Addressing the ADIPEC oil conference in Abu Dhabi, he said: “The glut is almost gone … I think we are at the bottom of this cycle…” He added: “What […]

  • 24 October 2016

    By Katya Golubkova and Shadia Nasralla VIENNA (Reuters) – A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are looking at ways to stabilize prices. Russia is the world’s largest oil producer but not a member […]

  • 6 September 2016

    Oil slipped towards $47 a barrel on Tuesday, falling further from the previous session’s one-week high on receding hopes for imminent action to tackle a supply glut.

  • 16 November 2016

    By Aaron Sheldrick TOKYO (Reuters) – Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in U.S. crude stocks, and adding to gains of nearly 6 percent from the previous session. Oil prices had surged on Tuesday as members of the Organization of the Petroleum Exporting Countries (OPEC) were […]

  • 7 November 2016

    By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers’ club OPEC that it was committed to a deal made in September to cut output in order to prop up the market. Brent crude <LCOc1> was at $46.12 per barrel at 0746 […]

  • 3 June 2016

    OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Tehran’s arch-rival Saudi Arabia promised not to flood the market and sought to mend fences within the organisation.

  • 21 November 2017

    Oil is here to stay, and will hold one of the biggest roles in the energy mix at least until 2040, OPEC Secretary General Mohammad Barkindo said during an international symposium in The Netherlands on Tuesday. Barkindo, heading the much talked about Organization of the Petroleum Exporting Countries, spoke at the 25th Lustrum of the […]

  • 30 November 2017

    OPEC has reportedly agreed to extend the oil production cuts for another nine months after the original agreement expires next year.

  • 12 September 2016

    Mohammad Sanusi Barkindo, the recently-appointed Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), visited Paris on Friday to meet with Dr. Fatih Birol, the International Energy Agency’s Executive Director. According to the joint statement by OPEC and IEA, the two men met to underscore their commitment to continued cooperation and exchange views […]

  • 24 November 2017

    OPEC is well aware of the climate change effects, and technology will be one of the keys to tackling climate change, Mohammad Barkindo, Secretary General of OPEC told Offshore Energy Today at the sidelines of an event in the Netherlands. Barkindo was one of the speakers at the 25th Lustrum Symposium on Tuesday at Delft, […]

  • 26 January 2017

    The OPEC Secretary General Mohammad Sanusi Barkindo, and the Executive Director of the International Energy Agency (IEA), Fatih Birol, will address delegates at CERAWeek 2017 regarding the future of the oil market. CERAWeek, organized by IHS Markit, is one of the most eminent annual international gatherings of energy industry players which will be held from […]

  • 21 June 2018

    Organization of the Petroleum Exporting Countries meets on Friday to decide output policy

  • 9 March 2017

    OPEC Secretary General Mohammad Barkindo has praised Russia’s commitment to the oil production cuts Opec and Non-Opec had agreed in December 2016. Asked about Russia’s level of compliance the OPEC Secretary General this week confirmed Russia had said from the start that it wouldn’t immediately be able to fully comply to the production cuts that […]

  • 21 November 2017
    Business & Finance

    National Marine Dredging Company (NMDC) from Abu Dhabi has signed an agreement with Canal Harbor and Great Projects Company (CHP), a subsidiary of the Suez Canal Authority, to become shareholders in a newly incorporated Egyptian company, named The Challenge – Egyptian Emirates Marine Dredging Company. Under the agreement, the scope of operations for the NMDC-CHP joint […]

  • 22 July 2015
    Business & Finance, Project & Tenders

    The first trial run of the New Suez Canal has been set for Saturday, July 25, 11 days before the official inauguration of the new waterway.  According to the Mohamed Sakr, the head of navigational management department at the Suez Canal Authority, different size ships will participate in the trial of the new canal. Chairman of the Suez Canal Authority […]

  • 12 August 2014
    Business & Finance, Equipment, Technology

    The Armed Forces have already started carrying out the New Suez Canal Project, according to The digging works were divided into 33 sectors and assigned to specialized civil companies and two road divisions of the Armed Forces Engineering Authority, Brigadier Mohamed Samir said. The work was divided into sectors to complete the project in […]

  • 16 April 2018
    Business & Finance, Project & Tenders, Vessels

    In the presence of Admiral Mohab Mamish H.E Mohammed Al Qamzi and the leaders of the Egyptian and UAE governments, National Marine Dredging Company (NMDC) has officially commissioned the 6,000m³ custom-built trailing suction hopper dredger (TSHD) Arzana. According to NMDC, the ceremony was held on April 12th to inaugurate the Egyptian Emirates Marine Dredging Company […]

  • 28 May 2012

    His Excellency Jamal Majid Bin Thaniah, Vice Chairman, DP World, received at Jebel Ali Port, Major General Mohammed Ahmed Al Marri, Director of General Directorate of Residency and Foreigners Affairs – Dubai, and his accompanying delegation. During their talks, they explored ways of enhancing cooperation between the General Directorate and DP World, UAE Region. The […]

  • 7 October 2019

    The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have signed a memorandum of understanding to strengthen cooperation in research and the sharing of best practices.

  • 30 November 2017

    The energy world will be watching closely as members of OPEC hold final meeting in Vienna on Thursday to decide on whether to extend the oil production cuts until the end of 2018.