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OPEC Secretary Looks to Sanctioned Nations

OIL

OPEC Secretary General Mohammad Barkindo referred to the oil and gas industry being under siege due to years of under investment at a conference today calling for volumes from sanctioned nations to be opened to the market.

  • "We could, however, unlock resources and strengthen capacity if the oil produced by the Islamic Republic of Iran and Venezuela were allowed to return to the market," Barkindo said.
  • "Our industry is now facing huge challenges along multiple fronts; these threaten our investment potential now and in the long term. To put it bluntly, my dear friends, the oil and gas industry is under siege,"
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OPEC Secretary General Mohammad Barkindo referred to the oil and gas industry being under siege due to years of under investment at a conference today calling for volumes from sanctioned nations to be opened to the market.

  • "We could, however, unlock resources and strengthen capacity if the oil produced by the Islamic Republic of Iran and Venezuela were allowed to return to the market," Barkindo said.
  • "Our industry is now facing huge challenges along multiple fronts; these threaten our investment potential now and in the long term. To put it bluntly, my dear friends, the oil and gas industry is under siege,"