Barkindo Invites More Countries to Join OPEC

The Secretary General of OPEC, Mohammed Sanusi Barkindo,  has once again extended an open invitation to all producing countries to consider joining the cartel in its common mission to work towards sustainable oil market stability.

Barkindo made the call yesterday in a keynote address he delivered at the ongoing 17th Nigeria Oil and Gas Conference and Exhibition in Abuja on Tuesday.

Barkindo said the call has become necessary given the success achieved with the landmark “Declaration of Cooperation,” which he said has led to the stabilization of the global oil market.

With the landmark “Declaration of Cooperation,” 24 (now 25) oil producing nations agreed at the first OPEC and non-OPEC Ministerial Meeting held on the 10th of December 2016 in Vienna, to accelerate the stabilization of the global oil market through voluntary production adjustments of around 1.8 million barrels per day (mb/d),” he said.

He said the last year demonstrated the enduring capacity of collaboration among nations to surmount obstacles.

 

Source: Daily Trust

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