OPEC chief Mohammad Barkindo dies in Nigerian capital at 63 | OPEC News

Barkindo reportedly died hours after assembly Nigerian President Buhari and giving the primary speech at an power summit in Abuja.

The secretary-general of the Group of the Petroleum Exporting International locations (OPEC) has died within the Nigerian capital, Abuja, the nation’s oil chief stated.

Mohammad Barkindo, a Nigerian oil trade veteran who steered the group via the creation of the OPEC+ alliance, was because of step down on the finish of this month after six years on the OPEC high job. He was 63.

The top of Nigeria’s Nationwide Petroleum Company (NNPC), Mele Kyari, introduced the information in a tweet early on Wednesday, which was later confirmed by two sources at OPEC.

“We misplaced our esteemed Dr Muhammad Sanusi Barkindo,” Kyari tweeted.

“He died at about 11pm yesterday fifth July 2022. Definitely a fantastic loss to his speedy household, the NNPC, our nation Nigeria, the OPEC and the worldwide power neighborhood. Burial preparations might be introduced shortly.”

The reason for dying was not recognized but.

Barkindo’s profession spanned over 4 a long time and it included stints at NNPC and Nigeria’s overseas and power ministries. He had returned to Abuja in preparation for a post-OPEC profession.

Kyari stated Barkindo died hours after assembly Nigerian President Muhammadu Buhari and giving the primary speech at an power summit in Abuja.

His tenure as the pinnacle of OPEC has been marked by world shocks that battered the trade.

Throughout his speech in Abuja, Barkindo stated the oil and gasoline trade is “underneath siege” and nonetheless reeling from the big funding losses of latest years.

“In a really brief time span, the trade has been hit by two main cycles – the extreme market downturn in 2015 and 2016, and the much more far-reaching affect of the COVID-19 pandemic,” he stated in his final deal with.