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OPEC Secretary Looks to Sanctioned Nations

OIL
BulletEnergy BulletsCommodities

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,"