OPEC Secretary-General Mohammad Barkindo passes away
Highlights:
- Organization of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad Sanusi Barkindo, passed away.
- He was born in April 1959 in northeast Nigeria’s Adamawa state, Barkindo assumed the office of the OPEC Secretary-General in 2016.
- His tenure was scheduled to expire in July.
- OPEC is a permanent, intergovernmental organization, created at the Baghdad Conference in 1960, by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
- It aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.
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