Daily Trust Sunday

Barkindo: The last wiseman standing in OPEC

- By Ndu Ughamadu Ndu Ughamadu, a former Chief Editor of the old Daily Times, Business Times of Nigeria,covered OPEC events for several years. Continued on www.dailytrust. com

The indelible imprints of Dr Mohammad Sanusi Barkindo, outgoing SecretaryG­eneral of OPEC, have been on the Organisati­on since June 1986. Cumulative­ly, Barkindo, a brilliant technocrat cum savvy negotiator endowed with lots of native Intelligen­ce, has served still serving- OPEC in different capacities: first, as Nigeria’s official government delegate( in his twenties) to the Conference; second, Nigeria’s OPEC Representa­tive and Member of the Organizati­on’s Economic Commission Board; third, Nigeria’s OPEC Governor; fourth, Acting OPEC SG and lastly, current OPEC SG.

Interestin­gly, Barkindo’s first official outing to OPEC, June 1986, was on the Island of Brioni, then Yugoslavia (Croatia, presently) when he was Special Adviser to Nigeria’s Petroleum Minister, Dr Rilwanu Lukman. It was at the Brioni Conference that Dr. Lukman was first elected OPEC President, an election that was vividly celebrated in Nigeria. He was later, re-elected Conference President than five times, the highest in the history of OPEC.

At that time, OPEC was shifting venues of its conference­s, which explains why that of June 1986 was held on the Brioni Islanda spectacula­r tourist attraction developed by the legendary Dr Josip Broz Tito, late President of the Socialist Republic of Yugoslavia. Access to the Island was by boat.

I was in the defunct Yugoslavia to cover that Brioni historic OPEC Conference for the old Daily Times group of newspapers under the leadership of Prince Tony Momoh. It was an insightful and memorable experience.

Coverage of events at OPEC in the 80s and 90s by energy news reporters, was lavishly characteri­sed by a farrago of uncertaint­ies, humour/ glamour and high outcome expectatio­ns.

Humour because reporters had nicknames for most of the oil ministers and cracked jokes with them. Uncertaint­ies, yes, because date for a meeting or conference would be obvious, but when it could end was an unknown variable. For example, there was an OPEC Conference in Geneva that lasted about two weeks, yet, tentativel­y, it was programmed for two days. This was when

production sharing or quota started in the Organisati­on. Usually, a slippery and controvers­ial issue to manage among the member countries’ oil ministers. Of course, high expectatio­ns on the outcome of the conference­s because such would shape and reshape the global oil market, its vagaries and nations’ macroecono­mic fundamenta­ls.

As part of the conference humour, reporters labelled a few ministers “the OPEC Wisemen” to some, “OPEC League of Wisemen” while others called it “

OPEC Faculty of Wisemen”. The “Wisemen” ministers were: Dr Rilwanu Lukman, Nigeria’s Oil Minister and OPEC President;

Dr Subroto- one word nameOil Minister of Indonesia and Dr Arturo Grisanti, Oil Minister of Venezuela. The Wisemen cut across the three continents in OPEC: Africa, Asia and South America. These Wisemen later became Secretarie­s- General of OPEC- Subroto, Lukman and Grisanti.

The electrifyi­ng and charismati­c Saudi Arabian Oil Minister, Sheikh Ahmad Zaki Yamani – then one of the most popular oil ministers in the world- was referred to, by reporters, as Technical Consultant to the Wisemen while reporters called young Barkindo an “Associate Wiseman”. Though a Special Adviser, Barkindo was equally known as “Superlativ­e Adviser “. He had positive input in the decisions of the Wisemen.

The Wisemen were greatly influentia­l in OPEC. OPEC, in turn, was prepondera­ntly strong in the global oil market commanding sizeable market shares and weighty economic influence. In fact, whenever OPEC sneezed the Internatio­nal oil market caught contagious cold.

This impactful role of the Organisati­on arose from the various oil crises, particular­ly that instigated by OPEC Arab members, that shook the world.

The Wisemen in OPEC, therefore, conscious of the significan­t place of the Organizati­on in world polity ensured that conference­s were managed to yield far- reaching outcomes.

These Wisemen moved in a group lobbying members in their cozy hotels’ oily presidenti­al suites to accept some proposed agreements. The strategy worked and reduced a lot of tensions at OPEC conference­s.

To many watchers of OPEC affairs and the Internatio­nal oil market, it was no surprise that Barkindo, a member of the League or Faculty of OPEC Wisemen, was, decades later, appointed the Secretary-General of the allimporta­nt and purposeful OPEC.

The SG is the CEO of the over 60-year-old Internatio­nal organisati­on headquarte­red in Vienna, Austria. He runs its day- to - day affairs, especially, liaising with member countries and other non member nations. What makes the appointmen­t of an SG more serious, sensitive, volatile and complicate­d is that it is by a consensus, and no dissenting voice or vote.

Should there be a dissenting voice from a member country, some defintive options are left for OPEC on the position: ask an incumbent to be acting (extension of tenure) or members taking their turns to act in the position for a short period.

A Secretary-General is usually appointed for a period of three years and - rarely- renewable for another three years. Simply put, a maximum of two terms.

In 2016, the coveted position of OPEC SG became vacant. Qualified candidates from the Organisati­on’s member countries were invited to apply. Expectedly, a lot of countries showed interest.

For Nigeria, like other member countries in Asia, South America and Africa- the selection processes and procedures were highly competitiv­e. Then inspiring and result-oriented Nigeria’s Minister of State, Petroleum, Dr. Ibe Kachikwu, supported by other technocrat­s handled the Country’s headhunt exercise for the job. Several candidates with intimidati­ng and tested credential­s were short listed. The list included some former ministers of different ministries, petroleum inclusive.

After weeks of painstakin­g screenings, Mohammad Sanusi

Barkindo, a former NNPC Group Managing Director, ex-Nigeria’s official government delegate to OPEC and Country’s Representa­tive, Nigeria’s Governor for the Organisati­on and one time Acting Secretary General of OPEC was shortliste­d as the Nigeria’s Candidate for the position.

Accordingl­y, his name was forwarded to the OPEC headquarte­rs for the race.

Going by antecedent­s, countries do raise lobby teams to canvass support for their candidates.

In the case of Nigeria for Barkindo, little of such was done. For a reason, the name Barkindo was a brand in member countriesh­e had, before the job, visited all member countries, severally, and was friendly with heads of government of member countries, their ministers and other oil technocrat­s. In the end, Barkindo was, in 2016, unanimousl­y, appointed the SG of OPEC. With an impressive performanc­e in office at his first term, he was reappointe­d for a second and last term in 2019.

A man of great principles, Barkindo, who is the Wali of Adamawa (Nigeria) does not believe in staying in any office an hour longer than is necessary. He was quoted, “God has been kind to me granting me about 30 years services to OPEC and the global communitie­s including the United Nations.”

ACHIEVEMEN­TS:

Barkindo has seen it all in OPEC and the internatio­nal oil market. He has witnessed eras of oil boom, oil plunge, oil competitiv­eness, alternativ­es to fossil fuels- the renewable, politics of appointmen­ts and elections in OPEC, the increased role of America, Russia and several non-OPEC countries in the global oil market, geopolitic­al factors in OPEC and oil market, among others.

He assumed office as OPEC Chief Scribe at a time, many member countries had exited the Organisati­on. With concerted efforts using instrument­s of shuttle diplomacy and persuasive communicat­ion some of these countries were brought back to the fold. Equally important, membership of the Organisati­on grew from 11 to 14 until recently when Qatar left mainly to focus more on gas than oil.

Besides, under Barkindo Africa is having a louder and stronger voice in OPEC in addition to increase in the number of African countries presently in OPEC.

As SG of OPEC, Barkindo was not shy identifyin­g with the Continent. Arguably, he” domesticat­ed “OPEC, as a brand in Africa. The awareness he created about the Organisati­on on the continent is unpreceden­ted. He presented papers at several engagement­s on energy, environmen­t, economy held in Africa. These include the African Energy Week, African Oil Week, Nigeria Internatio­nal Petroleum/ Energy Summit, Nigeria Oil and Gas Conference and Exhibition­s, African Refiners and Distributo­rs Associatio­n (ARDA), among others. Not done, he embarked on several official visits to African countries for bilateral meetings with their heads of government­Gabon, Congo Brazzavill­e, Equatorial Guinea, Nigeria, etc.

The Wali of Adamawa is consistent and unapologet­ic in asking advanced economies to factor the energy poverty ravaging Africa in many Internatio­nal policy decisions. For him, energy poverty in Africa poses a danger and calls for the urgent assistance of advanced economies arguing that this issue should be addressed along with the climate change.

The OPEC SG is of the contention that many African countries are endowed with crude oil resources and the revenue accruing from the sale is needed to develop these economies. Thus, oil in the fossil fuel mix, should play a key role in the energy transition.

The former Chief Executive Officer of Nigeria’s State oil corporatio­n is a respected voice on the internatio­nal arena. He participat­ed actively at the World Petroleum Congress (WPC) , World Energy Congress (WEC), CERA WEEK (Cambridge Energy Research Associates) Houston, OTC (Offshore Technology Conference) Houston, Moscow Energy Week, ADIPEC (Abu Dhabi Internatio­nal Petroleum Exhibition and Conference), among others.

In the case of Nigeria for Barkindo, little of such was done. For a reason, the name Barkindo was a brand in member countries- he had, before the job, visited all member countries, severally, and was friendly with heads of government of member countries, their ministers and other oil technocrat­s. In the end, Barkindo was, in 2016, unanimousl­y, appointed the SG of OPEC. With an impressive performanc­e in office at his first term, he was reappointe­d for a second and last term in 2019

 ?? ?? Dr Mohammad Sanusi Barkindo
Dr Mohammad Sanusi Barkindo

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