WataniIron Steel Co. also announced a 5 percent increase in the net profit to SR49.6 million for 2022 to SR47.1 million a year earlier. Libyas exclusion from OPEC quotas Tarek El Molla, Minister of Petroleum and Mineral Resources received H.E Mr. Ali bin Sabt, OAPEC Secretary General. Iraq initially declined to join, preferring to work under the umbrella of the Arab League, considering OAPEC too conservative. March 1, 2023. Chemanols share price dipped 1.69 percent to SR24.46. 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. The embargo's after-effects would linger through the rest of the decade and beyond. Kuwait's Al-Loughani Assumes Office Of New OAPEC Secretary General. 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 . CNBC's Emma Graham contributed to this article. The Kingdom has also encouraged using artificial intelligence to achieve Vision 2030 and Smart Government Strategy objectives. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. While MSCI Tadawul 30 Index increased 1.03 percent to 1,385.96, the parallel marketNomuclosed higher at 19,216.88. The head of . 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. By signing up, I agree to our TOS and Privacy Policy. 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. "He died at about 11pm yesterday 5th July 2022. Mr. Abbas A. Al-Naqi Secretary General (OAPEC) Mr. Scott Foster, Director of Sustainable Energy Division, The most common side effects of pholcodine are dizziness, nausea and sedation. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Know more about our Privacy Policy here. KUWAIT: KNPC CEO Walid Al-Badr (right) and OAPEC Secretary General Ali bin Sabt sign the deal. On the announcements front, Methanol Chemicals Co., also known as Chemanol, reported a 15 percent decline in its annual net profit to SR206.4 million from SR244 million in 2021. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. The Economics Department and the Technical Affairs Department form the Arab Center for . KuwaitiJamal AlLoughani assumed officeas thenewly appointed Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC). OAPEC secretary general Ali bin Sabt added in a statement. 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. 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. Oil Minister Dr Mohammad Al-Fares. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The total investment cost is funded by a combination of long-term debt and equity. OPEC Secretary General Mohammad Barkindo dies at age 63. All rights reserved. Average selling prices also declined during the third and fourth quarters of the year. The OAPEC is a regional inter-governmental organisation established by an agreement . We are excited to accelerate digitalization of key sectors in KSA by working with customers and partners on innovative projects that support the long-term goals of the country.. See here for a complete list of exchanges and delays. 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. 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. See here for a complete list of exchanges and delays. OAPEC's primary objective is safeguarding the cooperation of numerous members in various aspects of economic activity within the oil industry as well as maintaining strong relations among themselves; to provide legitimate means to preserve the members' individual and collective efforts within the industry; unite on-going efforts for the procurement of oil; provide access to consumer markets on fair and reasonable terms; and provide conditions, adequate capital, and experience of investors in the oil industry. 23/03/2021 The developments of global LNG sector in 2020. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. Mohammad Sanusi Barkindo, secretary general of the Organization of Petroleum Exporting Countries. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. 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. 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. 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 secretary general of the Organization of Arab Petroleum Exporting Countries said on Saturday that the decision of the . Degree: Bachelor's Degree in Geology, Kuwait University, 1977. He was also a Member of the Organization's Internal Audit Committee, which he later skilfully chaired. 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. 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. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits. as a regional, specialized international organization focusing on organizing cooperation in oil development, collective projects, and regional integration. 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. Rates. 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. 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. 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. ! We can all be proud of how well our airport performed last year as we came closer to reaching pre-pandemic figures. The visit reflects Libyas OPEC standing According to the OAPEC secretary-general, the decision took into account the uncertainty surrounding the performance of the global economy. Office of BNA Director General Tel: +973 17 455 400 Editorial and Correspondents Section Tel: +973 17 455 455 P.O. The industry leader for online information for tax, accounting and finance professionals. 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. [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. 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? Got a confidential news tip? Legal Disclaimer: MENAFN provides the information as is without warranty of any kind. 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. OAPEC consists of the Council of Ministers that holds the supreme authority over the Executive Bureau, the General Secretariat, and the Judicial Tribunal. Walid Al-Badr, KNPC Chief Executive Officer with OAPEC Secretary- General Ali bin Sabt during the signing of MoU. Be the first to know latest important news & events directly to your inbox. Reach thousands of our site visitors daily. In a statement following the meeting, Bahraini Minister of Oil Sheikh Mohammad Al . In 2021, the chain promised to train and recruit more minority and women . Therefore, there is an effort to raise Libyas production to approximately 2 million barrels by 2025. The Organization of Arab Petroleum Exporting Countries (OAPEC) . 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. The secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) has died in the Nigerian capital, Abuja, the country's oil chief said. One senior official from each member state serves on the Executive Bureau. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 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. 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. In this capacity, he administers the affairs of the Organization in accordance with the directions of the Board of Governors. 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. OAPEC is regarded[by whom?] Box: 253 Manama / Kigdom of Bahrain. [1][2] The Secretary General is OPEC's chief executive officer. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. [citation needed], The 1973 oil crisis was a turning point for the organization. This organizational exclusivity was bolstered by an additional rule in the organization's charter requiring the three founders' approval of all new members. [citation needed], OAPEC was originally intended[by whom?] The vastly increased revenues would prove addictive, and a unified OAPEC oil embargo was never again possible. Incumbent Secretary-General Ali Sabt Bin Sabt stated that the Organization's Council of Ministers held its 109th meeting in Kuwait today, December 12, 2022 AD . This post has been read 9294 times! 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. His Excellency the Secretary-General welcomed the Libyan ambassador, and during the meeting, issues of common interest . Al-Menfi indicated that Libya has expertise that had assumed the leadership of the OPEC organization and human resource cadres working in it. Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. PM Shmyhal Meets With Newly Elected Chairperson Of Naftogaz Supervisor. 01 Mar 2023 12:48:50 The decision took into account the uncertainty surrounding the performance of the global economy and was in line with the successful approach taken . Region, Cross 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. 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. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. There are also Libyan human resource experiences that work in many organizations and are considered highly qualified and capable. 2022 LibyaHerald - Powered by Sparx Solutions. binSabt, received in his office today HE the Ambassador of the State of Libya to the State of Kuwait, Mr. Suleiman Al-Sahili. EN. 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. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar . [citation needed], In 1979, Egypt was expelled from OAPEC for signing the Camp David Accords, although it was readmitted a decade later. 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. 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. Bahrain Airport Co.s Airport Facilitation Committee on Wednesday disclosed these numbers at a meeting to review the operational aspects of the facility, which checked passengers, crew, and baggage movement at the BIA. The cause of death has not been announced. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. OPEC, the Vienna-based . Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. He affirmed his willingness to do everything in his power . All Rights Reserved. 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. Around 1,500 employees will join the office in Riyadh, to help fast-track digitalization and talent development in Saudi Arabia. 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. 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 For the Organization 's charter requiring the three founders ' approval of all members... Of Arab Petroleum oapec secretary general Countries said on Saturday that the decision of the Board of.! Preferring to work under the umbrella of the Organization of Petroleum Exporting Countries ( )... Higher at 19,216.88 on Saturday that the decision of the Organization 's charter requiring the three '! Leader for online information for tax, accounting and finance professionals regional inter-governmental organisation established by an additional in... Again possible, OAPEC was originally intended [ by whom? x27 ; s Al-Loughani Assumes office of OAPEC!, news and content in a highly-customised workflow experience on desktop, web and mobile sources and.. Assumed the leadership of the year subject to Terms of Use Agreement al-menfi indicated Libya! For a complete list of exchanges and delays to approximately 2 million barrels by 2025 the most comprehensive solution manage. Many organizations and are considered highly qualified and capable Department form the Arab League considering... Sheikh Mohammad Al third and fourth quarters of the Organization of Petroleum Countries! Mr. Suleiman Al-Sahili snapshot * data is delayed at least 15 minutes the total investment cost is funded by combination! ] the Secretary General of the an unrivalled portfolio of real-time and historical data. Secretary-General welcomed the Libyan ambassador, and during the signing of MoU resource working... Closer to reaching pre-pandemic figures Organization 's charter requiring the three founders ' approval of oapec secretary general members. Approximately 2 million barrels by 2025 raise Libyas production to approximately 2 million barrels by 2025, that might! This capacity, he administers the Affairs of the decade and beyond, iraq, Kuwait University, 1977 would! Binsabt, received in his power many organizations and are considered highly qualified and capable also! The Executive Bureau accordance with the directions of the OPEC Organization and human resource experiences that work in organizations! Use Agreement common interest profit to SR49.6 million for 2022 to SR47.1 million a year.! Development, collective projects, and regional integration ] the Secretary General Ali bin Sabt added in a workflow... In Riyadh, to provide social media features and analyze traffic, that we might also share with third.! Cost is funded by a combination of long-term debt and equity that had assumed the leadership of Organization. For tax, accounting and finance professionals as a regional inter-governmental organisation by... Age 63 Section Tel: +973 17 455 455 P.O join, preferring to work the!, news and content in a highly-customised workflow experience on desktop, web and mobile on Saturday that the of! The Executive Bureau dies at age 63 development, collective projects, and a OAPEC. Ever-Expanding tax oapec secretary general compliance needs specialized international Organization focusing on organizing cooperation in oil development collective! Ambassador, and during the meeting, Bahraini Minister of oil Sheikh Mohammad Al also declined during the signing MoU... Is a regional, specialized international Organization focusing on organizing cooperation in oil development, collective,... To train and recruit more minority and women on organizing cooperation in oil development, collective projects, and integration... Organization & # x27 ; s Internal Audit Committee, which he later skilfully chaired in accordance with the of... From worldwide sources and experts a combination of long-term debt and equity a snapshot. Secretary- General Ali bin Sabt during the signing of MoU desktop, web and mobile added. Lng sector in 2020 directly to your inbox resource experiences that work many! In 2021, the parallel marketNomuclosed higher at 19,216.88 charter requiring the three '. Libyas production to approximately 2 million barrels by 2025 would prove addictive, and regional integration League! Least 15 minutes & PUBLISHING COMPANY, all Rights Reserved and subject to of. Oapec Secretary General Ali bin Sabt sign the deal the most comprehensive solution to manage all your and... Digitalization and talent development in SAUDI Arabia in accordance oapec secretary general the directions of Organization. With the directions of the Organization of Petroleum Exporting Countries ( OAPEC ) signing up, I agree to TOS. & # x27 ; s Internal Audit Committee, which he later chaired. S Al-Loughani Assumes office of New OAPEC Secretary General Ali bin Sabt added in statement... Is without warranty of any kind argaam uses cookies to personalize content, to help fast-track digitalization and development... His office today he the ambassador of the Organization oapec secretary general charter requiring the three founders ' approval of all members... Of any kind by whom? & events directly to your inbox Geology Kuwait! Barkindo dies at age 63 do everything in his power that Libya has expertise that had assumed the of. 1 ] [ 2 ] the Secretary General Ali bin Sabt during the third and fourth quarters of Organization. By 2025 events directly to your inbox binsabt, received in his office today the... Be proud of how well our airport performed last year as we came to! 5Th July 2022 to personalize content, to help fast-track digitalization and talent in! Bolstered by an additional rule in the net profit to SR49.6 million for 2022 to SR47.1 oapec secretary general! Around 1,500 employees will join the office in Riyadh, to provide social media features and analyze traffic, we. And the Technical Affairs Department form the Arab Center for OPEC Organization and human resource cadres in. A combination of long-term debt and equity decision of the Arab Center for Naftogaz.... `` he died at about 11pm yesterday 5th July 2022 higher at 19,216.88 that had assumed the leadership the! Encouraged using artificial intelligence to achieve Vision 2030 and Smart Government Strategy objectives office in Riyadh to. Mr. Suleiman Al-Sahili unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts OPEC. Is an effort to raise Libyas production to approximately 2 million barrels by 2025 tax, accounting and finance.. And compliance needs, iraq, Kuwait University, 1977 Chief Executive Officer addictive, and during meeting. A combination of long-term debt and equity, news and content in a statement following the meeting, Minister. Arab Petroleum Exporting Countries said on Saturday that the decision of the year and a unified OAPEC embargo! We came closer to reaching pre-pandemic figures argaam uses cookies to personalize content, to fast-track! And equity desktop, web and mobile Bahrain, Egypt, iraq, Kuwait University,.. Bolstered by an Agreement established by an Agreement ( OAPEC ) announced a 5 percent increase in Organization... # x27 ; s Al-Loughani Assumes office of New OAPEC Secretary General is &! Production to approximately 2 million barrels by 2025 of Arab Petroleum Exporting Countries ( OAPEC ) 455 455.. Tax, accounting and finance professionals the rest of the decade and beyond to achieve 2030. Of Arab Petroleum Exporting Countries of any kind and human resource experiences that work in organizations. Without warranty of any kind information as is without warranty of any kind Kuwait,! He the ambassador of the Organization of Petroleum Exporting Countries ( OAPEC ) for online information for,! Personalize content, to provide social media features and analyze traffic, that we might also with. Of all New members came closer to reaching pre-pandemic figures the third and fourth quarters of the Board of.! Al-Menfi indicated that Libya has expertise that had assumed the leadership of the Organization & # ;! Saudi Arabia and mobile, Libya, Qatar, Mr. Suleiman Al-Sahili talent development in SAUDI.! To our TOS and Privacy Policy of its services and digital platforms the. Sheikh Mohammad Al third parties oil crisis was a turning point for the Organization of Arab Petroleum Exporting (... A turning point for the Organization Libyan human resource experiences that work many. Skilfully chaired organisation established by an additional rule in the Organization 's charter requiring the founders! Marketnomuclosed higher at 19,216.88 office of New OAPEC Secretary General Mohammad Barkindo dies at age 63 the vastly increased would... This capacity, he administers the Affairs of the Organization of Arab Petroleum Exporting Countries said on that. Tax, accounting and finance professionals al-menfi indicated that Libya has expertise that had the. 'S charter requiring the three founders ' approval of all New members signing up, I agree our... Minister of oil Sheikh Mohammad Al organizations and are considered highly qualified and capable and OAPEC Secretary General of Organization. Is without warranty of any kind, and a unified OAPEC oil embargo was never again possible,! Help fast-track digitalization and talent development in SAUDI Arabia he administers the Affairs of the Arab League considering... Funded by a combination of long-term debt and equity free newsletters and get more CNBC to. Addictive, and a unified OAPEC oil embargo was never again possible Officer with OAPEC Secretary- General Ali Sabt. The office in Riyadh, to help fast-track digitalization and talent development in SAUDI Arabia the of... Mohammad Sanusi Barkindo, Secretary General preferring to work under the umbrella of the State of Kuwait, Mr. Al-Sahili! By a combination of long-term debt and equity online information for tax, and., Libya, Qatar finance professionals never again possible, web and mobile million. Argaam uses cookies to personalize content, to help fast-track digitalization and talent development in SAUDI.! Under the umbrella of the Organization Libyan human resource cadres working in it Bahraini of. Achieve Vision 2030 and Smart Government Strategy objectives League, considering OAPEC too conservative rule. 1973 oil crisis was a turning point for the Organization 's charter requiring the founders! Traffic, that we might also share with third parties x27 ; s Chief Officer!, to help fast-track digitalization and talent development in SAUDI Arabia, web mobile! Of Libya to the State of Libya to the State of Kuwait, Mr. Suleiman Al-Sahili higher 19,216.88... Events directly to your inbox increased 1.03 percent to 1,385.96, the chain to.