Mohammed Barkindo: OPEC needs to reassess management structure under conditions of energy transfer
11:51 13.07.2020 763
The COVID-19 pandemic has proven that it is necessary to reconsider the architecture of energy management, climate change and, possibly, geopolitics, said Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Barkindo, INTERFAX reports."After COVID-19, we, as an industry, should dwell in great detail on what types of structures we need to leave, based on the experience of these several months and on the shocks that the world has experienced in order not only to avoid future troubles, but also to make the world on the right pedestal in terms of energy and climate change. We really need to come up with a governance structure that will prepare the transition in accordance with the climate agenda", - he said in an interview with IHS “Markit” Senior Vice President Carlos Pasqual.The European Union has adopted a policy to end the use of fossil fuels, which is oil. As EU Commissioner for Energy Kadri Simson said: “Our main message to them (partners) is that the EU’s goal is to become climate neutral by 2050.” “This means that by then we will be phasing out fossil fuels”, - she said.Barkindo noted that the pandemic has affected both climate and human communities around the world. “There are some forecasts that we will not be able to continue in this vein. And the structures that we have now (OPEC regulates the oil market by agreeing on the volume of production cuts between the participating countries - IF) may not be suitable for us. This it depends on us, as on the industry, on politicians, on scientists, to come together without any hindrance, to really conduct a global assessment of what we have", - he said."OPEC will turn 60 in September this year. We intend to use this opportunity to evaluate our existence over the past 60 years - what we have lost, where we would have to act separately, and how we will adapt to a rapidly changing world in the future", - Secretary General of OPEC summed up.
The results of the development of the fuel and energy complex for January-July of this year were discussed at a government meeting
Last Friday, President Gurbanguly Berdimuhamedov held a meeting of the Cabinet of Ministers via digital video communication, at which the results of the development for seven months of the year of all sectors of the national economy, including the fuel and energy complex of Turkmenistan, were discussed.
The head of Turkmenistan stated priorities of cooperation within the CIS
Changing world realities demand from the CIS a timely and adequate response, embedding in new coordinates of interaction. It was stated by the President Gurbanguly Berdimuhamedov in an interview to the International Television and Radio Company «Mir», answering a question about the prospects for Turkmenistan's cooperation within the Commonwealth.
The industry meeting discussed the results of the fuel and energy complex for 7 months of 2020
Today, on August 17, in the Central building of the oil and gas complex of Turkmenistan, a reporting meeting was held under the chairmanship of Vice-Chairman of the Cabinet of Ministers Myratgeldi Meredov, at which the results of the work of industry enterprises for seven months of 2020, held under the motto "Turkmenistan - Homeland of Neutrality" were discussed.
CHRONICLE OF THE ERA OF POWER AND HAPPINESS - YEAR 2020
The oil and gas industry is the leading sector of the national economy, that plays a significant role in the programs of the country's socio-economic development on an innovative basis, approved by President Gurbanguly Berdimuhamedov, and expanding its export opportunities.
Gurbanguly Berdimuhamedov: over the years of independence, the volume of GDP of Turkmenistan increased by 8.4 times
Over the years of independence of Turkmenistan, the volume of GDP has grown by 8.4 times, about 209 billion US dollars have been invested in the country's economy. This was stated by President Gurbanguly Berdimuhamedov in an interview to the ITRC “Mir”, which the head of state gave on the occasion of the 30th anniversary of independence of neutral Turkmenistan celebrated this year.