OPEC Secretary-General Mohammad Barkindo passes away

OPEC Secretary-General Mohammad Barkindo passes away

• Organization of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad SanusiBarkindo, passed away. He was born in April 1959 in northeast Nigeria’s Adamawa state, Barkindo assumed the office of the OPEC Secretary-General in 2016. His tenure was scheduled to expire in July.
• OPEC is a permanent, intergovernmental organization, created at the Baghdad Conference in 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. It aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries. It is headquartered in Vienna, Austria. OPEC membership is open to any country that is a substantial exporter of oil and which shares the ideals of the organization.

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Published date : 08 Jul 2022 06:12PM