Nigeria’s Mohammed Barkindo, the outgoing secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), died on Tuesday evening at the age of 63, the Nigerian National Petroleum Corporation (NNPC), where he held several positions, said on Wednesday. The Nigerian official, who has held the post since 2016, was to be replaced by Kuwaiti Haitham Al-Ghais in August.
“We lost our respectMohammed Barkindo tweeted the Director General of NNPC, Mele Kyari, without specifying the cause of his death. “It is certainly a great loss to his family, NNPC, our country, OPEC and the global energy community. Funeral arrangements will be announced soon.“, he added. The news came hours after a meeting in Abuja with Nigerian President Muhammadu Buhari, who praised “brilliant work!By Mohamed Barkindo in OPEC, wherehe managed to navigate the choppy waters“. The cartel, which is headquartered in Vienna, Austria, did not immediately respond when contacted by AFP.
The Secretary General of OPEC has no executive power, but he is the organization’s public figure and sometimes acts as a diplomat to facilitate discussions between countries with different interests, such as Saudi Arabia and the United States, Iran. Under the leadership of Mohamed Barkindo, OPEC joined ten other countries, including Russia, in the OPEC+ agreement signed in 2016 to regulate the market. As the group lost market influence with the rise of shale oil in the United States, this alliance particularly enabled producers to limit their black gold production following the emergence of the Covid pandemic. -19:00
An effort that brought prices back after a very pronounced market shock in April 2020. Since the start of the war in Ukraine, which sent prices soaring, OPEC+ has struggled to rein in more prices and has come under criticism and pressure from consumers. countries, particularly the USA.
Source: Le Figaro
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