Former group managing director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, has been appointed the secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), on Thursday, June 2, 2016.
The appointment took place at the 169th meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, under the Chairmanship of its President, HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar and Head of its Delegation.
Barkindo started his career as a member of the Nigerian delegation to OPEC in 1986 when the late Dr. Rilwanu Lukman was Minister of Petroleum Resources (People called him Rilwanu Lukman’s right-hand man).
Prior to his appointment, there were speculations on whether the new OPEC Secretary General would be from Nigeria or Angola as the strain between OPEC leaders in Saudi Arabia, Iran and Iraq had disallowed members from selecting candidates proposed by the latter.
A wealth of experience, Barkindo was the National Representative for OPEC between 1993 and 2008. He was also the Deputy Managing Director of the Nigerian Liquefied Natural Gas (NLNG) between 1993 and 2008.
More to his credit, he has served as the acting Secretary General of OPEC in 2006 after Edmund Dakouru.
Barkindo is to take over the reins from long-time incumbent, Abdalla El-Badri of Libya with effect from August.
While congratulations are in order, it is vital to note that the cartel did not come to any decisions about a balanced oil market.