Barkindo is ‘Africa Oil Man of the Year’

Mohammed Sanusi Barkindo, secretary general of the Organization of the Petroleum Exporting Countries (OPEC), will be bestowed with the ‘Africa Oil Man of the Year’ award during the third annual Africa Oil & Power conference.

OPEC


Image credit: Organization of the Petroleum Exporting Countries


 

The conference will be hosted from 5 to 7 September 2018 in Cape Town. The secretary general will be presented the award during the Energy Coalitions dinner and will present the keynote address during the annual conference.

As secretary general, Barkindo has guided OPEC through one of its most turbulent periods, with a sustained oil price decline and a loss in global market share. He is credited with restoring market stability on a global scale through the landmark deal between OPEC and non-OPEC members to cut oil production. Barkindo, having previously served as Nigeria’s National Representative for OPEC and the Managing Director of Nigeria’s national oil company, NNPC, took over as secretary general of OPEC in August 2016, as the oil and gas industry was struggling to prevent falling oil prices and declining confidence in the petroleum sector. His leadership has consistently prioritised cooperation, even reaching out to traditional rivals of OPEC, like the United States and Russia, in efforts to stabilise the oil markets.

Building on the new Punta Europa-Alba-Alen link, the gas megahub will link into other existing and future gas projects and maximize the gas infrastructure of Equatorial Guinea and potentially that of neighbour states. This will reduce dependency on single upstream developments for industrial development and will allow gas to be directed to where the value is greatest.

Says Gabriel Mbaga Obiang Lima, minister of Mines and Hydrocarbons of Equatorial Guinea and Chairman of Africa Oil & Power’s Advisory Board, “The secretary general has demonstrated remarkable leadership in steering OPEC through difficult times and proving to everyone again that if you want to go far, you go together. He has been an enormous champion of African countries and giving them a voice to help stabilise oil markets. We congratulate him on this prestigious award.”

The theme for Africa Oil & Power 2018 – Energy Coalitions – will focus on Africa’s growing role in OPEC and the efforts by global institutions, governments and the private sector to collaborate on developing Africa’s energy institutions.

“In times of volatility and uncertainty, the industry needs leaders who ensure cooperation between strong and vital energy institutions,” says Guillaume Doane, CEO of Africa Oil & Power. “In this context, His Excellency Barkindo is the perfect recipient of the Africa Oil Man of the Year Award, as he has he led the global oil industry through truly historic collaborative efforts that resulted in unprecedented unity amongst producing countries. We are honoured to present him with this award.”


 

 

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