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OPEC secretary-general is dead, Nigerian officials announce

OPEC secretary-general is dead, Nigerian officials announce

ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities announced Wednesday.

Mohammad Barkindo, 63, died late Tuesday, a spokesperson for Nigeria's petroleum management dividing told The Associated Press. The spring for his demise was not unswerving away known. The Vienna-based lubricant cartel known while OPEC that he oversaw did not unswerving away comment.

Mele Kyari, Managing Director of the Nigerian National Petroleum Company Limited, tweeted the report of Barkindo's demise which he described while "a great mislaying to his immediate family, the NNPC, our country Nigeria, the OPEC accompanied by every one one other accompanied by the worldwide vitality community."

Barkindo, a Nigerian, led the crude lubricant bloc since August 2016, seeing it into with every one other accompanied by not here of some of its most turbulent times including all over the pandemic when lubricant prices plummeted due to declining demand. During his tenure while head of OPEC, he guided the group, employed to retain the positions of its various members unified.

The 13 OPEC member-states have 1.24 billion proven crude lubricant reserves among them, or 80% of the world's share. Of the world's total crude oil, OPEC producers' part of that is fair under 38%. OPEC member-states, however, contributed to around 48% of all world crude lubricant exports last year.

Barkindo's legacy, however, ability exist most tied to his final years overseeing OPEC while the category entered into an accord known while OPEC+ accompanied by greatest non-OPEC producer, Russia. That agreement, which is place to expire this year, helped to steady the volatile lubricant market all over the pandemic, though it has go nearer under increased scrutiny accompanied by every one one other accompanied by censure amid contemporaneous high lubricant prices accompanied by every one one other accompanied by while the U.S. accompanied by every one one other accompanied by other Western nations try to compress Russia's affluence over the war inside Ukraine. Brent crude has traded at over $100 a barrel.

Barkindo was wrapping up his tenure at OPEC when he died. He began his career accompanied by the Nigerian Mining Corporation inside 1982 earlier to holding multiple roles over additional than place of set of two decades at the Nigerian National Petroleum Corporation. Before leading OPEC, Barkindo served while the Deputy Managing Director of Nigerian Liquefied Natural Gas, a fasten venture inside the centre of NNPC accompanied by every one one other accompanied by multinational lubricant giants Shell, Total accompanied by every one one other accompanied by Eni.

Born inside Yola, Nigeria, he attended undergraduate college inside Nigeria earlier to earning a post-graduate degree inside petroleum economics from Oxford University inside the U.K. accompanied by every one one other accompanied by an MBA from Washington University inside the U.S.

In March, Barkindo was named a distinguished go nearer behind of the Atlantic Council, which holds an yearly worldwide vitality forum that he regularly headlined accompanied by every one one other accompanied by spoke at.

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Batrawy reported from Dubai, United Arab Emirates.

OPEC secretary-general is dead, Nigerian officials announce

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