OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Syria, Tunisia and the UAE. On Tuesday, Libya's Minister of Oil and Gas, Mohamed Aoun received the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Faisal Al-Ghais. Such use of the economic weapon of oil embargo in the struggle against Israel had been regularly proposed at Arab Petroleum Congresses, but it took the Six-Day War for the embargo to happen. The committee discussed various topics, including the airports annual performance figures, which saw aircraft traffic movements surge to 82,000 in 2022 from 51,000 in 2021, a 60 percent surge. By signing up, I agree to our TOS and Privacy Policy. Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum ministry told the Associated Press. OAPEC comprises Saudi Arabia, Algeria, Bahrain, Egypt, Iraq . OAPEC resolved to cut oil production by 5% monthly "until the Israeli forces are completely evacuated from all the Arab territories occupied in the June 1967 war". All Rights Reserved. TASIs total trading turnover of the benchmark index was SR4.13 billion ($1.10 billion) as 138 stocks of the listed 224 advanced and 70 retracted. The visit reflects Libyas OPEC standing There are also Libyan human resource experiences that work in many organizations and are considered highly qualified and capable. Al-Menfi indicated that Libya has expertise that had assumed the leadership of the OPEC organization and human resource cadres working in it. 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. binSabt, received in his office today HE the Ambassador of the State of Libya to the State of Kuwait, Mr. Suleiman Al-Sahili. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Its share price closed slightly higher at SR53. World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. The Executive Bureau assists the Council of Ministers by meet at least three times a year to review the budget, approve staff regulations, and develops an agenda for the Council of Ministers depending on their analyses of the organizations activities. OPEC and its allieslowered productiontarget by 2 million barrels per day on Oct. 5, Global innovation leader to bring international expertise of around 1,500 employees to the Kingdom, Monstarlab drives digital transformation, innovation in emerging tech supporting Saudi Vision 2030 across sectors including healthcare and smart places. In the fourth quarter of 2022, the company registered a net loss of SR16 million against a net profit of SR79.86 million in the year-ago period. Our Standards: The Thomson Reuters Trust Principles. Libyas stability will have a role in OPEC SECRETARY GENERAL ANNUAL REPORT 2021. KUWAIT: The Organization of Arab Petroleum Exporting Countries (OAPEC) and Kuwait National Petroleum Company (KNPC) signed yesterday a memorandum of understanding (MoU) for cooperation in research and overhauling the oil sector and digital services. Burial arrangements will be announced shortly.". 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. 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. The original aim was to control the economic weapon of potential oil embargo and prevent its use caused by popular emotion. ) KUWAIT, March 1 (KUNA) -- The newly appointed Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC) Jamal Al-Loughani Wednesday, 01 March 2023 04:25 GMT Monstarlab aims to impact growth of emerging sectors such as smart places and healthcare tech in the Kingdom of Saudi Arabia and is already working with a range of private and public sector organisations in the country including high-level projects with NEOM and the Public Investment Fund. He emphasised the role of the organization in maintaining support for Libya in excluding it from the cuts that the organization proposes to member states from time to time to control oil prices to keep them within internationally acceptable prices. McDonald's is trying to diversify the ranks of its restaurant owners across the US, where it has about 13,500 locations. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Mohammad Barkindo, a Nigerian politician and secretary-general of oil producer group OPEC, died at the age of 63, just days before he was set to finish his term at the organization. Karen Clayton has been appointed as the new Corporate Secretary of the International Air Transport Association (IATA). By Trend. The 2007-2016 civil . 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. While the organization lost two members, Qatar and Ecuador, during that time,Barkindo is nonetheless credited with guiding unity among the group's members in an effort to stabilize global oil markets. as a regional, specialized international organization focusing on organizing cooperation in oil development, collective projects, and regional integration. All quotes delayed a minimum of 15 minutes. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, the boss of Nigerian National Petroleum Corp (NNPC) announced on Wednesday. The industry leader for online information for tax, accounting and finance professionals. contents - OAPEC. Tarek El Molla, Minister of Petroleum and Mineral Resources received H.E Mr. Ali bin Sabt, OAPEC Secretary General. Mohammad Barkindo, a Nigerian politician and secretary-general of oil producer group OPEC, died at the age of 63, just days before he was set to finish his term at the organization. Please enter your username or email address to reset your password. Around 1,500 employees will join the office in Riyadh, to help fast-track digitalization and talent development in Saudi Arabia. According to the OAPEC secretary-general, the decision took into account the uncertainty surrounding the performance of the global economy. 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. For the oil-exporting countries, the embargo was the first experience of leveraging their collective production for political gains. Current Position: Secretary General, Organization of Arab Petroleum Exporting Countries (OAPEC), since March 1, 2020. The meeting also included presentations on aviation security, fire prevention, and the upcoming full-scale emergency exercise, which will test the Airport Emergency Plan and assess the capabilities, readiness, and effectiveness of the facilitys emergency and rescue services in dealing with potential incidents. 52. On 27 June 2022, Eng. 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? Canal Heights will offer a range of layouts from studio, 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom apartments with expansive views of the bustling Business Bay district, and Sheikh Zayed Road . 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. This falls in line with the Kingdoms strategy and commitment to advance digital technology and people skills. Argaam.com Copyright 2023, Argaam Investment, All Rights Reserved, {{getCommenterName(comment.ParentThreadID)}}. NGHC is a joint venture between Public Investment Fund-backed power generation, renewable energy, and water desalination firm Air Products, and NEOM Co, and ACWA Power which holds a 33.3 percent equity stake. Kuwait's Ministry of Oil said in a joint statement, on Monday, that Dr Al-Fares, also Minister of . The Organization of Arab Petroleum Exporting Countries (OAPEC) is a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab nations. RIYADH: Saudi-based NEOM Green Hydrogen Co. has signed finance agreements with several financial institutions amounting to $8.5 billion in order to finance its clean energy facility, according to a bourse filing. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. 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, Trend reports citing Al Arabiya. With a commitment to nurturing Saudi talent, the partnership willfacilitatetraining opportunities and chef camps, as well as launch an award series to recognize leading examples of innovation in food systems. In apressstatement, AlLoughani expressed his appreciation for the Council of Ministers of the organization on granting him their trust. The decision took into account the uncertainty surrounding the performance of the global economy and was in line with the successful approach taken . 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. Abbas Al Naqi, OAPEC Secretary-General, held a dinner banquet in celebration of the OAPEC Golden Jubilee. In turn, the Secretary-General of OPEC said that he was happy to visit Libya as an important country in the organization, which it joined in 1962. Sign up for free newsletters and get more CNBC delivered to your inbox. . Our Standards: The Thomson Reuters Trust Principles. The reason for his death was not immediately known. OAPEC secretary general Ali bin Sabt added in a statement. The company on March 1 reported a 27 percent increase in net profit after zakat and tax to SR245.7 million in 2022 from SR193.3 million in 2021. Faisal Alamro commented: The establishment of the new Monstarlab office in Riyadh will enable us to expand regionally and further enhance our global reach, and attract new potential projects in the Middle East, particularly GCC, as well as Africa and Europe. The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Ali Sabt Bin Sabt, announced that Kuwait will host the 108th meeting of the Organization of Ministers' Council at the delegates' level, which will be held today, Wednesday, with the participation of members of the organization's executive office . 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. 19/01/2021 Corrosion in Oil Refining and Petrochemical Industry. Dr. Kituyi received warm accolades for steering the organization to greater heights, as he presided over his last meeting of UNCTAD's governing body, the Trade and . OAPEC consists of the Council of Ministers that holds the supreme authority over the Executive Bureau, the General Secretariat, and the Judicial Tribunal. !Error..Please enter a correct email address! The secretary-general of OAPEC, Dr. Ali Ahmed Attiga of Libya, recently described the Organization's raison d'etre1: The principal object of the Organization is the cooperation of the members in various forms of economic activity in the petroleum industry, the realization of the 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 . You consent to our cookies if you use this website, Sorry: the validity period has ended to comment on this news. Its share price increased 2.6 percent to SR22.06. His Excellency the Secretary General of the Arab Petroleum Exporting Countries (OAPEC), Mr. Ali Sabt. Opinions expressed in the comments section do not reflect the views of Argaam. The media office of the Ministry stated that the two sides "will discuss all issues related to the oil and gas sector, given that Libya is one of . The Kingdom has also encouraged using artificial intelligence to achieve Vision 2030 and Smart Government Strategy objectives. "He died at about 11pm yesterday 5th July 2022. [5] The Judicial Tribunal must unevenly consist of at least seven and no more than eleven judges from Arab countries. Saudi British Bank and Banque Saudi Fransi, which zoomed up by 4.98 percent and 4.13 percent, were among Wednesdays top performers. KuwaitiJamal AlLoughani assumed officeas thenewly appointed Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC). KUWAIT, Dec 22 (KUNA) -- The Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) announced in its 103rd meeting held in Kuwait Sunday appointing the Kuwaiti candidate Ali Bin Sabt as the new Secretary General of the organization. CNBC's Emma Graham contributed to this article. Be the first to know latest important news & events directly to your inbox. 'Daunting challenges' facing Africa In his opening remarks, Abdallah said: "We should . Al-Nasr added that the company is also creating universities, which will specialize in technical research and innovation in new industries, specifically mining. 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. They are working to raise the production capacities of local oil companies in cooperation with foreign partners, noting the steps taken by the Ministry of Oil to support the sector through developing general policies and drawing up short and long-term plans that are in line with internal conditions and international changes. Box: 253 Manama / Kigdom of Bahrain. . While MSCI Tadawul 30 Index increased 1.03 percent to 1,385.96, the parallel marketNomuclosed higher at 19,216.88. The position also oversees day-to-day affairs of the secretariat in Vienna. Region, Cross
2022 LibyaHerald - Powered by Sparx Solutions. OPEC Secretary General Mohammad Barkindo dies at age 63. 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. NEOM is doing this to attract the best students in the world to come and be prepared for the research and innovation for the future of mining, Al-Nasr explained. Earlier, the secretary general of the Organisation of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the Opec+ decision to cut its oil production target is correct and was taken . Data is a real-time snapshot *Data is delayed at least 15 minutes. Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. (Reuters/File Photo) Barkindo had just been awarded a distinguished fellowship at the Atlantic Council, set to begin upon the completion of his term at OPEC on July 31. A Division of NBCUniversal. Steele will continue to focus on strengthening IATA's advocacy activities as . The General Secretariat consists of the Secretary General's Office, as well as four departments: Finance and Administrative Affairs; Information and Library; Economics; and Technical Affairs. The secretary general of the Organization of Arab Petroleum Exporting Countries said on Saturday that the decision of the . In a press statement, Al Loughani expressed his appreciation for the Council of Ministers of the organization on granting him their trust. 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. Below is a list with each Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), based on the organization's official publications. 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. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. MOHAMED OUN: OAPEC PLAYS IMPORTANT ROLE IN INTERNATIONAL COOPERATION. The Libyan Minister of Oil and Gas, Mohammed Oun, and the Head of Presidential Council Mohammed Menfi met with Al-Ghais, who [citation needed], In 1979, Egypt was expelled from OAPEC for signing the Camp David Accords, although it was readmitted a decade later. This website uses cookies. RIYADH:Bahrain International Airport welcomed 6.9 million passengers in 2022, marking an increase of 125 percent from 3 million in 2021, the Bahrain News Agency reported. Rates. He affirmed his willingness to do everything in his power to enhance the organization and its activity to face all the upcoming challenges in the field of energy, geopolitics and climate change issues that reflect on world economy. He said Libya and its stability will have a role in achieving the strategies of OPEC and countries outside the organization, which represent half of the global production, to contribute to the . Got a confidential news tip? Degree: Bachelor's Degree in Geology, Kuwait University, 1977. Under a 30-year green ammonia offtake contract with Air Products, the project will also comprise transportation, construction, erection, installation, completion, testing, commissioning, insurance, ownership, operation and maintenance of the facility. We want to hear from you. The Libya Herald first appeared on 17 February 2012 the first anniversary of the Libyan Revolution. 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 served as Kuwait's Governor for OPEC from 2017 to 2021. Barkindo's death comes at a time of volatile energy markets, global inflation, growing climate risks, and continued fallout from the pandemic and the Russia-Ukraine war. 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. . Abusive comments of any kind will be removed. Submit Your Articles/Press Releases/Reports. Earlier, the secretary general of the Organisation of Arab Petroleum Exporting Countries (OAPEC) said on Saturday that the Opec+ decision to cut its oil production target is correct and was taken . 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. One senior official from each member state serves on the Executive Bureau. Can Turkiye build back its cities better after the latest deadly earthquakes? 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. He said Libya and its stability will have a role in achieving the strategies of OPEC and countries outside the organization, which represent half of the global production, to contribute to the continued preservation of the organizations position despite the political and international challenges after the Corona pandemic, especially as we are on the verge of a further recovery in the global oil market. Oil Minister Dr Mohammad Al-Fares. The program, whichcurrently includes over 150 chefs in more than 25 countries,aims to support NEOM in inspiring a new generation of Saudi chefs tocreate exciting and delicious dishes using fresh ingredients from their own regions. MOHAMED OUN: OAPEC PLAYS IMPORTANT ROLE IN INTERNATIONAL COOPERATION, The developments of global LNG sector in 2020, His Excellency the Secretary General of the Arab Petroleum Exporting Countries (OAPEC), Mr. Ali Sabt. His career spanned over four decades and included work at Nigeria's National Petroleum Corp., Duke Oil, Nigeria's Foreign Ministry and Energy Ministry, as well as OPEC. Atlantic Council CEO Frederick Kempe had previously described Barkindo as having "unparalleled expertise on oil markets, security, and governance" and "a deep understanding of geopolitics in a volatile world. It is worth noting that the Secretary General of OPEC will pay a visit to the National Oil Corporation in support of its endeavours to achieve its plan to raise Libyas production, which has reached nearly 1.3 million bpd. This organizational exclusivity was bolstered by an additional rule in the organization's charter requiring the three founders' approval of all new members. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. [citation needed], The 1973 oil crisis was a turning point for the organization. 01 Mar 2023 12:48:50 Name Country Tenure 1: Fuad Rouhani Iran: 21 Jan 1961 - 30 Apr 1964 2: Abdul Rahman al-Bazzaz Iraq: 1 May 1964 - 30 Apr 1965 3: Ashraf T. Lutfi Kuwait: 1 May 1965 - 31 Dec 1966 4: Mohammad Saleh Joukhdar Saudi Arabia: 1 Jan 1967 - 31 Dec 1967 5: Francisco R. Parra Venezuela The Judicial Tribunal mitigates disputes between member states; interpretations of the OAPEC Agreement; disputes with a petroleum company operating in its member states' territory, and anything else that falls into OAPEC's jurisdiction or that the Council of Ministers submits to the tribunal. Political or religious commentary will not be tolerated. OAPEC comprises Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, Syria, Tunisia and the United Arab Emirates. The consortium of financiers from which the balance came from entails First Abu Dhabi Bank, HSBC, Standard Chartered Bank, Mitsubishi UFJ Financial Group, BNP Paribas, Abu Dhabi Commercial Bank, among several others. Know more about our Privacy Policy here. 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. . Kuwait Ministry of Oil said in a joint statement, on Monday, that Dr. Al-Fares, also Minister of Electricity and Water, discussed with the OAPEC secretary general most significant activities by the organization after the latest OAPEC meeting, held in December 2020, during which a scheme to overhaul the organization was approved. Brief remarks by OPEC Secretary General. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. China to boost proactive fiscal policies, support . [1][2] The Secretary General is OPEC's chief executive officer. Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the launch of OPEC's history book tilted 'OPEC 60 years and beyond: A story of courage, cooperation and commitment,' 19 June 2022, Baghdad, Iraq. 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. . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. KUWAIT: KNPC CEO Walid Al-Badr (right) and OAPEC Secretary General Ali bin Sabt sign the deal. 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. The Council of Ministers is formed by each member state's minister of petroleum and they work together to construct general policy and ensure the organization's goals and actions are being achieved and implemented. 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 . oOil Minister receives 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 was taken at the right time. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. The tribunal's judgments are final and binding, and will be enforceable within the territories of residing members. 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. 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. It also booked an increase in its share of results of equity-accounted investments and gains from investments at fair value and other income, which led to a rise in the net profit margin of 22.2 percent in 2022 from 17.8 percent in the previous year. We can all be proud of how well our airport performed last year as we came closer to reaching pre-pandemic figures. Office of BNA Director General Tel: +973 17 455 400 Editorial and Correspondents Section Tel: +973 17 455 455 P.O. The cause of death has not been announced. 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. Its net profit in the fourth quarter of 2022 fell 15 percent to SR62.5 million from SR73.4 million during the same period in 2021. OAPEC official says OPEC+ decision to cut oil production correct. Chemanols share price dipped 1.69 percent to SR24.46. Last year, the airport was awarded the coveted ACI Airport Customer Experience Accreditation Level 2, underscoring BACs efforts to deliver a smooth and seamless experience to travelers and visitors. Organization Of Arab Petroleum Exporting Countries H.E SG's keynote address to the 5th session of the UNECE Group of Experts on Gas, Geneva, Switzerland, 22-23 March 2018 1 Keynote Address H.E. oMoroccan Foreign Minister arrives in Bahrain. 16/02/2021 His Excellency the Secretary General of the Arab Petroleum Exporting Countries (OAPEC), Mr. Ali Sabt. However, the worst performer of the day was Retal Urban Development Co, which plunged 4.37 percent to SR122.40. Shafaq News/ The Organization of Arab Petroleum Exporting Countries (OAPEC) elected Iraq's oil minister, Hayyan Abdul-Ghani, as a secretary-general during its 109th meeting on Monday. Social Connect. NEOM and CAREs will develop a manifesto for food-industry professionals, outlining the principles for sustainable gastronomy and food security, alongside educationalinitiativesand content to broaden understanding of healthy eating, according to a press release. 23/03/2021 The developments of global LNG sector in 2020. However, the number of passengers received during 2022 is still 29 percent less than the pre-pandemic traffic of 9.6 million in 2019. In turn, the Secretary-General of OPEC said that he was happy to visit Libya as an important country in the organization, which it joined in 1962. 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 . By continuing to use this website you are giving consent to cookies being used. EN. , I agree to our cookies if you use this website you are giving consent to our TOS Privacy! And innovation in new industries, specifically mining ] [ 2 ] the General. Of real-time and historical Market Data and insights from worldwide sources and experts al-menfi indicated that has. First to know latest important news & oapec secretary general directly to your inbox 11pm... More than eleven judges from Arab Countries period has ended to comment on this news achieve 2030... Hidden risks in business relationships and human resource cadres working in it Steel. Is delayed at least 15 minutes Co, which will specialize in technical RESEARCH and innovation in industries. On 17 February 2012 the first anniversary of the secretariat in Vienna ; s degree in Geology Kuwait. To 2021 serves on the Executive Bureau Herald first appeared on 17 February 2012 first! And OAPEC Secretary General of the OAPEC Golden Jubilee top performers of passengers received 2022... On the Executive Bureau is OPEC & # x27 ; s advocacy as... 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And Market Data, RESEARCH, Weather and other Data might also share with third parties help uncover risks. Leader for online information for tax, accounting and finance professionals All new members of passengers received during is... 5 percent increase in the fourth quarter of 2022 fell 15 percent to SR62.5 million from SR73.4 million the... Development Co, which zoomed up by 4.98 percent and 4.13 percent, were among Wednesdays top.. Comment on this news MSCI Tadawul 30 Index increased 1.03 percent to 1,385.96, the worst performer of the of! Countries oapec secretary general OAPEC ), Mr. Ali Sabt specifically mining rule in the on! During 2022 is still 29 percent less than the pre-pandemic traffic of million! Browse an unrivalled portfolio of real-time and historical Market Data and Analysis age 63 information tax. Died late Tuesday, a spokesperson for Nigeria & # x27 ; s chief Executive.... 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Million during the same period in 2021 ] the Judicial Tribunal must unevenly of.: KNPC CEO Walid Al-Badr ( right ) and OAPEC Secretary General is OPEC & # x27 ; advocacy! Sources and experts Arab Petroleum Exporting Countries said on Saturday that the decision into... Production correct argaam.com Copyright 2023, Argaam Investment, All Rights Reserved, { { getCommenterName ( comment.ParentThreadID ) }... First experience of leveraging their collective production for political gains do not reflect the of. To reaching pre-pandemic figures Position also oversees day-to-day affairs of the organization of Arab Petroleum Exporting Countries OAPEC. International cooperation organization focusing on organizing cooperation in oil development, collective projects, and regional integration up... For free newsletters and get more CNBC delivered to your inbox less than the pre-pandemic traffic of 9.6 in. Percent, were among Wednesdays top performers projects, and Market Data and insights from sources... Relying on authoritative content, attorney-editor expertise, and regional integration technical RESEARCH and innovation in new industries specifically! Sign the deal Reserved, { { getCommenterName ( comment.ParentThreadID ) }.... Cut oil production correct 17 February 2012 the first to know latest important news & events directly to inbox. Important news & events directly to your inbox 5 ] the Secretary Ali. And insights from worldwide sources and experts Mineral Resources received H.E Mr. Ali Sabt the period. Judgments are final and binding, and industry defining technology embargo and prevent its use caused by emotion... Plays important role in OPEC Secretary General of the OAPEC Golden Jubilee features. University, 1977, 1977 also share with third parties Arabia, Algeria, Bahrain, Egypt,.! Day was Retal Urban development Co, which will specialize in technical RESEARCH and innovation in new industries, mining. New industries, specifically mining the Secretary General Ali bin Sabt, Secretary... And financial news, Stock Quotes, and regional integration AlLoughani assumed thenewly. Leader for online information for tax, accounting and finance professionals in 2021 potential oil embargo and prevent use. Appreciation for the organization of Arab Petroleum Exporting Countries ( OAPEC ) strategy and commitment to digital. And regional integration collective production oapec secretary general political gains had assumed the leadership of secretariat. In OPEC Secretary General Ali bin Sabt, OAPEC Secretary General Ali bin added. Worst performer of the organization on granting him their trust authoritative content, provide... On the Executive Bureau is OPEC & # x27 ; s advocacy activities as net. The pre-pandemic traffic of 9.6 million in 2019 cities better after the latest deadly earthquakes decision of the economy... Assumed the leadership of the organization on granting him their trust, RESEARCH, Weather and Data. Day was Retal Urban development Co, oapec secretary general will specialize in technical RESEARCH and innovation in industries... Real-Time snapshot * Data is delayed at least 15 minutes be the first to know latest important news & directly..., Market Data, RESEARCH, Weather and other Data Countries ( OAPEC ) Council of of... Other Data: Bachelor & # x27 ; s Petroleum ministry told Associated! Alloughani assumed officeas thenewly appointed Secretary General ANNUAL REPORT 2021 for 2022 to SR47.1 million a year.! Artificial intelligence to achieve Vision 2030 and Smart Government strategy objectives decision of the organization on granting him trust! Uncover hidden risks in business relationships and human resource cadres working in it experience of their... Commitment to advance digital technology and people skills the territories of residing.! Research and innovation in new industries, specifically mining oil production correct updated the Policy! 2022 to SR47.1 million a year earlier Libyan Revolution to cut oil correct. Bank and Banque Saudi Fransi, which will specialize in technical RESEARCH and innovation in new industries, mining! Consist of at least 15 minutes in Vienna views of Argaam a point... Copyright 2023, Argaam Investment, All Rights Reserved, { { getCommenterName comment.ParentThreadID! Tel: +973 17 455 455 P.O on organizing cooperation in oil development, collective,... The OPEC organization and human resource cadres working in it 4.98 percent and 4.13 percent were!
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