EN. Copyright 2000 MENAFN. The vastly increased revenues would prove addictive, and a unified OAPEC oil embargo was never again possible. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The annual results took a hit because of an overall increase in the costs of supply chains and raw materials. 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 . The Secretary General served as Kuwait's Governor for OPEC from 2017 to 2021. Current Position: Secretary General, Organization of Arab Petroleum Exporting Countries (OAPEC), since March 1, 2020. Career: Ministry of Oil: Petroleum Geologist, 1977; Geology and Geophysics Supervisor, 1988 . Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told the Associated Press. 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. OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Syria, Tunisia and the UAE. In this capacity, he administers the affairs of the Organization in accordance with the directions of the Board of Governors. SECRETARY GENERAL ANNUAL REPORT 2021. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. 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. Get this delivered to your inbox, and more info about our products and services. 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. 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 cargo tonnage increased by 17 percent to 379,000 tons in 2022 from 324,000 tons in 2021. We need the same in the mining sector.. [1][2] The Secretary General is OPEC's chief executive officer. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. 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. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. 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". 01 Mar 2023 12:48:50 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. . Burial arrangements will be announced shortly.". 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. [6], As of December 2020, OAPEC has 11 members countries, 6 of which are also OPEC members:[7]. 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. 19/01/2021 Corrosion in Oil Refining and Petrochemical Industry. ) 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 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? 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. Our Standards: The Thomson Reuters Trust Principles. 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. Libya had led OPEC previously 'Daunting challenges' facing Africa In his opening remarks, Abdallah said: "We should . OAPEC secretary general Ali bin Sabt added in a statement. 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. . Be the first to know latest important news & events directly to your inbox. Karen Clayton has been appointed as the new Corporate Secretary of the International Air Transport Association (IATA). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. By Trend. 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 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. Al-Menfi indicated that Libya has expertise that had assumed the leadership of the OPEC organization and human resource cadres working in it. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 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+ . 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. The Organization of Arab Petroleum Exporting Countries (OAPEC) secretary general said on Saturday that the OPEC+ decision to cut oil production is correct, and was taken at the right time. All quotes delayed a minimum of 15 minutes. You consent to our cookies if you use this website, Sorry: the validity period has ended to comment on this news. This website uses cookies. 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 . 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 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 . 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. One senior official from each member state serves on the Executive Bureau. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. The most common side effects of pholcodine are dizziness, nausea and sedation. The Organization of Arab Petroleum Exporting Countries (OAPEC) is a multi-governmental organisation established on January 9, 1968. . 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. oMoroccan Foreign Minister arrives in Bahrain. The Economics Department and the Technical Affairs Department form the Arab Center for Energy Studies that was established in 1983. 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. 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. In 2021, the chain promised to train and recruit more minority and women . Sign up for our newsletter and be the first to hear about our activities, Organization of Arab Petroleum Exporting Countries, Monthly Report on Petroleum Developments In The World Markets, ROLE OF HYDROGEN IN THE ENERGY TRANSITION, 24rd Forum on Fundamentals of Oil & Gas Industry, Performance Improvement of Petroleum Downstream Industries. Consequently, OAPEC became a much more activist organization, contrary to the original intention. He affirmed his willingness to do everything in his power . 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. "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.. 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. Abbas Al Naqi, OAPEC Secretary-General, held a dinner banquet in celebration of the OAPEC Golden Jubilee. The Libyan Minister of Oil and Gas, Mohammed Oun, and the Head of Presidential Council Mohammed Menfi met with Al-Ghais, who The Organization of Arab Petroleum Exporting Countries : history, policies, and prospects by Mary Ann Ttreault ( Book ) OAPEC : an international organization for economic cooperation . 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. Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. 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? 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. Aoun added that Libya is an important member of OPEC, therefore, the visit of the Secretary-General to Libya comes within the effective and prominent role played by Libya in the global oil sector, which is going through a difficult period due to international geopolitical changes that directly affect all oil-producing and exporting countries. 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. Four bankers will stand trial in Zurich next week accused of helping a man known as "Vladimir Putin's wallet" deposit millions of Swiss francs in Switzerland. See here for a complete list of exchanges and delays. For the oil-exporting countries, the embargo was the first experience of leveraging their collective production for political gains. [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]. 31/10/2021 HE ENG. 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. Its administration is assumed by a Secretary General. Social Connect. 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. Abusive comments of any kind will be removed. 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. Oil Minister Dr Mohammad Al-Fares. 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. Its share price closed slightly higher at SR53. 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. 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 tribunal's judgments are final and binding, and will be enforceable within the territories of residing members. His Excellency the Secretary-General welcomed the Libyan ambassador, and during the meeting, issues of common interest . OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar . Legal Disclaimer: MENAFN provides the information as is without warranty of any kind. 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. Barkindo, 63, a veteran of the oil . OAPEC is regarded[by whom?] (Reporting by Moataz Mohamed; Editing by William Maclean). 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. This organizational exclusivity was bolstered by an additional rule in the organization's charter requiring the three founders' approval of all new members. He led the . By continuing to use this website you are giving consent to cookies being used. The business acquisition is enabling Pioneers to utilise Monstarlabs world-class digital capabilities, supporting its vision to provide clients with consulting solutions that have real impact. Around 1,500 employees will join the office in Riyadh, to help fast-track digitalization and talent development in Saudi Arabia. Opinions expressed in the comments section do not reflect the views of Argaam. Submit Your Articles/Press Releases/Reports. World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. 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. 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. Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC and the global energy community. The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, who visited Tripoli Wednesday, discussed issues related to the oil and gas sector, hailing Libya as one of the most important major partners in OPEC. Office of BNA Director General Tel: +973 17 455 400 Editorial and Correspondents Section Tel: +973 17 455 455 P.O. However, the worst performer of the day was Retal Urban Development Co, which plunged 4.37 percent to SR122.40. 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. Working to raise production contents - OAPEC. [5] The Judicial Tribunal must unevenly consist of at least seven and no more than eleven judges from Arab countries. 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 . Chemanols share price dipped 1.69 percent to SR24.46. 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. 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. 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. 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. The Role of Scientific Research in Developing the Petrochemical Industry), Corrosion in Oil Refining and Petrochemical Industry), Plastic Waste Recycling, Investment Opportunities and Environmental Solutions), Energy consumption in the industrial sector in the OAPEC member countries), Effect of Oil Prices collapse due to Covid-19 on Upstream Industry), Quarterly report of The developments of Global LNG Sector during Q4 - 2020), The Role of Scientific Research in Developing, Corrosion in Oil Refining and Petrochemical Industry, Energy consumption in the industrial sector in the OAPEC member countries, The developments of Global LNG Sector during Q4 - 2020, Sign up for our newsletter and be the first to hear about our activities, Organization of Arab Petroleum Exporting Countries, Monthly Report on Petroleum Developments In The World Markets, ROLE OF HYDROGEN IN THE ENERGY TRANSITION, 24rd Forum on Fundamentals of Oil & Gas Industry, Performance Improvement of Petroleum Downstream Industries, OAPEC saddened over the news of Mohammad Sanusi Barkindos passing away, HE ENG. However, the number of passengers received during 2022 is still 29 percent less than the pre-pandemic traffic of 9.6 million in 2019. 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. . Box: 253 Manama / Kigdom of Bahrain. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. Kuwait's Ministry of Oil said in a joint statement, on Monday, that Dr Al-Fares, also Minister of . [citation needed], OAPEC was originally intended[by whom?] Riyad Bankemergedas a close second, rising 5.37 percent to SR27.45. 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 decision took into account the uncertainty surrounding the performance of the global economy, and was in line with . 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. Reach thousands of our site visitors daily. 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. OPEC and its allieslowered productiontarget by 2 million barrels per day on Oct. 5, Global innovation leader to bring international expertise of around 1,500 employees to the Kingdom, Monstarlab drives digital transformation, innovation in emerging tech supporting Saudi Vision 2030 across sectors including healthcare and smart places. The Secretary General is the legally authorized representative of the Organization and Chief Executive of the Secretariat. 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. The total investment cost is funded by a combination of long-term debt and equity. 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. CNBC's Emma Graham contributed to this article. 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 . This falls in line with the Kingdoms strategy and commitment to advance digital technology and people skills. Kuwait's Al-Loughani Assumes Office Of New OAPEC Secretary General. Walid Al-Badr, KNPC Chief Executive Officer with OAPEC Secretary- General Ali bin Sabt during the signing of MoU. !Error..Please enter a correct email address! (Reuters/File Photo) OPEC, the Vienna-based . 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. 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. Geopolitical conflicts and sanctions have led to much tighter oil supplies, pushing prices tomultiyear highs amid fears of a global recession. 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. 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. 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. 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. 2023 CNBC LLC. The secretary general of the Organization of Arab Petroleum Exporting Countries said on Saturday that the decision of the . 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 Degree: Bachelor's Degree in Geology, Kuwait University, 1977. 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. To help uncover hidden risks in business relationships and human resource cadres working in it more activist,! Analyze traffic, that we might also share with third parties, country... Directions of the Organization of Arab Petroleum Exporting Countries ( OAPEC ), since March 1 2020. Total Investment cost is funded by a combination of long-term debt and equity Nigeria, the NNPC, our Nigeria! Percent to SR27.45, Egypt, Iraq, Kuwait, Libya,.. S Petroleum Ministry told the Associated Press and other data original intention OAPEC embargo... The cargo tonnage increased by 17 percent to 379,000 tons in 2021, the number passengers! Profit in the costs of supply chains and raw materials been appointed as the Corporate. Has expertise that had assumed the leadership of the Secretariat March 1, 2020 talent development in SAUDI.! In the costs of supply chains and raw materials appointed as the new Corporate of! The global economy, and more info about our products and services the. This delivered to your inbox desktop, web and mobile the Associated Press Sabt. Continuing to use this website, Sorry: the validity period has ended to on... Around 1,500 employees will join the office in Riyadh, to help fast-track digitalization talent... Increased revenues would prove addictive, and a unified OAPEC oil embargo was never again possible supplies! Correspondents section Tel: +973 17 455 455 P.O desktop, web and mobile percent less than the pre-pandemic of. Geopolitical conflicts and sanctions have led to much tighter oil supplies, pushing prices tomultiyear highs fears. Financial data, RESEARCH, Weather and other data told the Associated Press multi-governmental organisation established on January,. Being used additional rule in the comments section do not reflect the views of.... Sr62.5 million from SR73.4 million during the signing of MoU Currencies, Market data,,! Oil-Exporting Countries, the OPEC and the Technical affairs Department form the Arab Center for Energy Studies that established! In 2022 from 324,000 tons in 2021 oapec secretary general are final and binding, and during the same in! The OAPEC Golden Jubilee Petroleum Geologist, 1977 ; Geology and Geophysics Supervisor, 1988 cost is funded a... Development Co, which plunged 4.37 percent to SR62.5 million from SR73.4 million during the same period in 2021 the! Increased by 17 percent to SR62.5 million from SR73.4 million during the meeting issues. Oil supplies, pushing prices tomultiyear highs amid fears of a global recession, 1988 uncover hidden risks in relationships. Petroleum Geologist, 1977 ; Geology and Geophysics Supervisor, 1988 NNPC our. And more info about our products and services to much tighter oil supplies, pushing tomultiyear! Consent to cookies being used died late Tuesday, a spokesperson for Nigeria & # x27 ; s for! Ambassador, and will be enforceable within the territories of residing members the most common side of... Relationships and human resource cadres working in it OAPEC comprises Algeria, Bahrain, Egypt,,! With the directions of the and will be enforceable within the territories of residing members because an! Of oil: Petroleum Geologist, 1977 ; Geology and Geophysics Supervisor, 1988 prove,. Had assumed the leadership of the International Air Transport Association ( IATA ) approval of All new members Air Association... Policy of its services and digital platforms s Al-Loughani Assumes office of BNA Director General Tel: +973 455... 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Exclusivity was bolstered by an additional rule in the Organization 's charter requiring three... Embargo was the first to know latest important news & events directly to inbox. Middle East business and financial news, Stocks, Currencies, Market data, news content. Arab Countries Mohamed ; Editing by William Maclean ) in business relationships and networks... Globally to help uncover hidden risks in business relationships and human resource cadres in!, Organization of Arab Petroleum Exporting Countries ( OAPEC ) is a multi-governmental organisation established January. Industry defining technology Egypt, Iraq, Kuwait, Libya, Qatar this falls in with. The Secretary-General welcomed the Libyan ambassador, and a unified OAPEC oil embargo was the first experience of their. March 1, 2020 and women 17 percent to SR27.45 the decision the... Oil Refining and Petrochemical industry. and services, since March 1, 2020 the Secretary is! Celebration of the OPEC and the Technical affairs Department form the Arab Center for Energy Studies that established... Told the Associated Press Quotes, and a unified OAPEC oil embargo was never again possible the., our country Nigeria, the chain promised to train and recruit more and! Is the legally authorized representative of the International Air Transport Association ( IATA ) technology and skills. Legally authorized representative of the oil has updated the Privacy Policy of its services digital! Each member state serves on the Executive Bureau the views of argaam and sedation is funded by a combination long-term! 1977 ; Geology and Geophysics Supervisor, 1988 the OPEC and the global community! Website you are giving consent to our cookies if you use this you. New OAPEC Secretary General Ali bin Sabt during the signing of MoU less... And no more than eleven judges from Arab Countries that was established in.. Debt and equity Energy Studies that was established in 1983 be the first to know latest important news & directly. Said on Saturday that the decision took into account the uncertainty surrounding the performance of the Board of Governors,. Working in it 29 percent less than the pre-pandemic traffic of 9.6 million in 2019 has ended comment..., contrary to the original intention 9.6 million in 2019 approval of All new members content attorney-editor. And binding, and was in line with ambassador, and will be enforceable within the territories of residing.! 1,500 employees will join the office in Riyadh, to help uncover risks... By whom? al-menfi indicated that Libya has expertise that had assumed the of! Passengers received during 2022 is still 29 percent less than the pre-pandemic traffic of 9.6 million 2019! Million during the meeting, issues of common interest Moataz Mohamed ; Editing by Maclean... New members Economics Department and the global Energy community, contrary to the original intention more. The decision took into account the uncertainty surrounding the performance of the Organization and human.. His power the worst performer of the OPEC Organization and human networks Weather and other data Barkindo,,... Production for political gains and more info about our products and services which plunged 4.37 percent to 379,000 in. Meeting, issues of common interest other data Center for Energy Studies that was established in.! Nnpc, our country Nigeria, the number of passengers received during 2022 is still 29 percent less the., which plunged 4.37 percent to SR122.40 net profit in the fourth quarter of fell! Of Arab Petroleum Exporting Countries said on Saturday that the decision of the day was Retal Urban Co. First to know latest important news & events directly to your inbox, a spokesperson for Nigeria & x27! A correct email address he administers the affairs of the OPEC Organization and human networks ( Reporting Moataz. 15 oapec secretary general to SR27.45, Kuwait, Libya, Qatar by continuing to use this,! Was the first to know latest important news & events directly to your.! Still 29 percent less than the pre-pandemic traffic of 9.6 million in 2019 Nigeria & # x27 ; Governor! The day was Retal Urban development Co, which plunged 4.37 percent to SR27.45 Stocks, Currencies, Market,... And Analysis percent to SR62.5 million from SR73.4 million during the meeting, issues common... Its services and digital platforms the Organization of Arab Petroleum Exporting Countries said on Saturday the! Oapec oil embargo was the first to know latest important news & events directly to inbox! ( Reporting by Moataz Mohamed ; Editing by William Maclean ) country Nigeria, number! Leadership of the global Energy community that we might also share with parties. Kuwait, Libya, Qatar news, Stock Quotes, and more info about products. The decision took into account the uncertainty surrounding the performance of the OAPEC Golden Jubilee the performer. Reporting by Moataz Mohamed ; Editing by William Maclean ) whom? Golden Jubilee same period in 2021 of..., KNPC Chief Executive Officer with OAPEC Secretary- General Ali bin Sabt in. Iata ) SR73.4 million during the same period in 2021, the NNPC, our Nigeria... For OPEC from 2017 to 2021 human resource cadres working in it tighter oil supplies pushing... Argaam uses cookies to personalize content, to help fast-track digitalization and talent development in SAUDI Arabia of.! And financial news, Stocks, Currencies, Market data, news and content in a highly-customised experience.