President Muhammadu Buhari has expressed the nation’s gratitude to the outgoing Secretary-General of Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, describing him as a worthy ambassador of the country.
Receiving Barkindo at State House, the President said posterity will remember him kindly for making the nation and himself proud during his six years of meritorious service at the helm of affairs as the 4th OPEC Secretary-General from Nigeria.
The President directed the Ministry of Petroleum Resources and the Nigerian National Petroleum Company (NNPC) Limited to mobilise the oil and gas industry to organise a befitting welcome reception in honour of Barkindo.
The Nigerian leader heaped more praises on his compatriot for providing experienced administrative management to OPEC, adding that his efforts have placed the organization in a stronger position to confront the challenges it will face in the coming years.
In his remarks, Barkindo attributed his success to the tremendous guidance, charisma and international gravitas of President Buhari; support from OPEC secretariat in Vienna; and cooperation by members of the organisation.
He recounted how the counsel from President Buhari helped in the birthing of the Declaration of Cooperation of OPEC and non-OPEC oil-producing countries, after he assumed office in Vienna, Austria in 2016 during a downturn in the sector when oil prices plunged to less than 10 U.S dollars per barrel.
The former OPEC Secretary-General noted that the Declaration of Cooperation, which is now in its sixth year, also helped the organisation to navigate the turbulence in the market occasioned by the COVID-19 pandemic in 2020.
He explained that amidst COVID-19, the organisation took a decision to withdraw 9.6 million barrels per day from the market- the highest ever adjustment in its history- for a duration of two years.
He added that OPEC is now in the final lap of restoring the production figures due to rebound in the global market and economy.
Having survived the major turbulences in 2016 and 2020, Barkindo expressed confidence that the worst is over and the future looks very promising for the organisation.
He, therefore, thanked President Buhari for giving him the opportunity to serve, pledging that Nigeria would continue to play its leadership role in OPEC as well as in the global oil industry.
END BELLO WAKILI
