Mohammed Barkindo: OPEC needs to reassess management structure under conditions of energy transfer
16:51 13.07.2020 5704

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 fuel and energy complex of Turkmenistan work for nine months of 2023 were discussed at the industry meeting
On October 7, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, at which the results of the work of industry enterprises for nine months of the current year, held under the motto “The Year of Happy Youth with Arkadagly Serdar,” were discussed.

Ministers of Foreign Affairs of Central Asia and the United States discussed cooperation with the new government of Afghanistan
The development of cooperation with the new government of Afghanistan was discussed at a virtual meeting in the «C5 + 1» format of the foreign ministers of the Central Asian countries and the United States, held yesterday on the sidelines of the 76th session of the UN General Assembly, the website of the Ministry of Foreign Affairs of Turkmenistan reports.

Organizational issues of participation of Turkmenistan in «EXPO-2020 Dubai» were discussed
Organizational issues related to the participation of the delegation of Turkmenistan in «EXPO -2020 Dubai» were discussed on Wednesday at an online meeting with the coordinator of this forum on work with foreign participants Omar Shehade, the website of the Ministry of Foreign Affairs of Turkmenistan reports.

Turkmenistan and China have great potential for developing cooperation in the fuel and energy sector - Chairman of the Halk Maslakhaty
The most important priority of cooperation between Turkmenistan and China is the fuel and energy sector, and the countries have great potential for further development of partnership. This was stated by the Chairman of the Halk Maslakhaty Milli Gengesh of Turkmenistan Gurbanguly Berdimuhamedov in an interview for the Chinese media.

Iraq is ready to annually purchase about 10 billion cubic meters of gas from Turkmenistan
A memorandum of understanding on natural gas supplies was signed between the State Concern “Turkmengas” and the Ministry of Electricity of the Republic of Iraq.