OPEC’s Barkindo to call emergency OPEC meeting on production cut

The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo, announced Friday that he will summon an emergency meeting of member countries to discuss measures in a joint effort to tackle the falling crude oil price in the market.

Barkindo, who took over from Libya’s Abdallah El-Badri, who held the post since 2007, said his major task is to bring back unity among OPEC member-countries.

Key Quotes:

“First and foremost by the grace of God, we will strive to re-unite the organization so that we can once again have a strong, united OPEC that will take-up the challenges that are currently being faced not only by OPEC, but the international oil and gas industry.’’