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Monday, 6 June 2016

Hurdles before Barkindo, new OPEC scribe


10 years after serving in Acting capacity, luck finally smiled on a
former Group Managing Director of the Nigerian National
Petroleum Corporation (NNPC), Mr. Mohammed Sanusi Barkindo
as he was appointed the Secretary General of the Organisation of
Petroleum Exporting Countries(OPEC).
Barkindo is bringing on board a 23 year career experience garnered
in Nigeria’s state oil corporation-NNPC and the oil and gas
industry in general.He is expected to occupy the position for three
years in the first instance with effect from August 1, 2016.
Expectations from stakeholders beyond Barkindo’s rich credentials
which saw him serving for 15 years on the OPEC Economic
Commission Board while also chairing the strategic Production
Quota Committee of OPEC, the stake are high for the scribe,
especially at this period when the global oil industry is confronted
with a myriad of challenges with implications for cost cutting/
saving measures on the part of operators and oil producing
countries. On his expectations from the new scribe, Head of
Energy Research, Ecobank Group, Mr. Dolapo Oni, said, though
Barkindo’s role would be more at the international level, rather
than local, he believed that such roles it well articulated would
trickle down to more benefits for OPEC member countries,
including Nigeria.

Culled from Daily Sun

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