OPEC’s 60th Anniversary Celebration Postponed

OPEC’s 60th Anniversary Celebration Postponed
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OPEC’s 60th Anniversary Celebration Postponed

OPEC’s 60th Anniversary Celebration Postponed

The celebrations of OPEC’s 60th Anniversary, which were originally scheduled this month in Baghdad where the Organization was founded, have been postponed.

Mohammad Sanusi Barkindo, OPEC Secretary General, said in statements on Friday that he received a letter from Ihsan Abdul Jabbar Ismaael, Iraq’s Oil Minister stressing that it is “genuinely disappointing not to be able to host the 60th Anniversary” following months of preparations for the historic event.

“The health and safety of all are of utmost importance,” the Minister noted.

Barkindo expressed his sincere gratitude for Iraq’s gracious initiative to host OPEC’s Diamond Anniversary in the Al-Shaab Hall in Bab Al-Muaadham, Baghdad, the site of OPEC’s founding in 1960.

“It is very unfortunate that we are unable to mark OPEC’s Diamond Anniversary in September at the same site where the historic ‘Baghdad Conference’ was held between 10 and 14 September 1960," he said.

"It was a historic meeting in all senses that saw the common vision and wisdom of our Founder Members and led to the creation of a foresighted organization that grew in stature and influence to become a distinguished entity within the global energy community,” Barkindo noted.

OPEC is an intergovernmental organization that was established on 14 September 1960 in Baghdad by its five Founder Members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Its membership has grown since then to 13 oil producing countries.

This month, OPEC is also marking the 55th year since the Organization’s Secretariat moved to the Austrian capital of Vienna.



Saudi and Qatari Finance Ministers Sign Cooperation MoU

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
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Saudi and Qatari Finance Ministers Sign Cooperation MoU

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari have signed an MoU to cooperate in the finance sector.

The MoU was signed Thursday on the sidelines of the 122nd meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee in Doha, Qatar.
‏Aljadaan said that the MoU is part of efforts to strengthen relations between Saudi Arabia and Qatar in the finance sector, including microeconomic policy, public sector laws, and legislation to enhance economic growth in the region.
‏Al Kuwari noted the importance of the MoU and its potential impact in exchanging expertise and information in the finance sector to enhance and strengthen relations between the two nations.