Mohammed Barkindo: OPEC needs to reassess management structure under conditions of energy transfer

11:51 13.07.2020 7650

https://www.oilgas.gov.tm/storage/posts/234/original-15f0c03c494052.jpeg

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.

Other articles
167e794de9b93f.png
Turkmenistan declares March 31 a day off in connection with the holiday of Oraza Bayramy

The President of Turkmenistan Serdar Berdimuhamedov signed a Decree on the celebration of Oraza Bayramy on March 30, in connection with which the day off was moved to March 31. The corresponding document was published in the central media of our country.


161d7e6c4b374f.jpeg
OPEC will be headed by a representative of Kuwait from August

At an extraordinary meeting of OPEC, the ministers elected a new secretary general of the organization – from August 1, 2022, Haitham Al-Qais from Kuwait was elected for a period of three years, Interfax reported.


167e40ac00528d.jpg
Modern Information and Analytical Center for sustainable energy development has been opened in Turkmenistan

Today, March 26, the grand opening of the Information and Analytical Center was held at the Natural Gas Research Institute of the State Concern "Turkmengas". The center is equipped with the latest IT equipment purchased with the support of the European Union project "Green Development of Turkmenistan: Policy Dialogue and Climate Action for 2024-2028", funded by the European Union and the German Foreign Ministry and implemented by GIZ.


167ea46df63a9a.jpg
Hero-Arkadag and Recep Erdogan noted the rapid development of bilateral cooperation

On Sunday, March 30, a telephone conversation took place between the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Hero-Arkadag Gurbanguly Berdimuhamedov and the President of the Republic of Turkey Recep Tayyip Erdogan, TDH reports.


161dd22684609e.jpeg
Refined products were in the lead in the auctions

At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan, 47 transactions were registered last week.