Its 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, IR Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela. The OPEC Fund was established by OPEC Member Countries in 1976. Guess what? @TheOPECFund partners with @ACWAPower @EBRD @AfDB_Group @theGCF @ArabBankGroup to finance the construction of the largest private solar plant in ... New cooperation agreement strengthens private sector development across the continent, RT @PowerAfricaUS: @USAID @USAIDMozambique @USAIDAfrica @AfricaMediaHub @USEmbassyMaputo @DFCgov @Globeleq @TheOPECFund. All OPEC data below is from the August OPEC Monthly Oil Market Report.The data is through July 2020 and is in thousand barrels per day. The OPEC Fund for International Development (the OPEC Fund) has signed a US$50 million term loan agreement in favor of Banco Davivienda in Colombia. The OPEC Fund offers an Internship Program enabling students from diverse academic Hey! OPEC Fund Internship Program 2020/2021 Is Out | Check Eligibility Here. Austria’s President played host to the OPEC Fund’s Director-General, Interview with Sara Mbago-Bhunu, East and Southern Africa Regional Director of the International Fund for Agricultural Development (IFAD). We must come together as a global community to make lasting changes. Commitments by Focus Area Total commitments: US$ 648.82m The OPEC Fund’s work is people-centered, focusing on projects that meet basic needs - such as food, energy, clean water and sanitation, healthcare and education – with the aim of encouraging self-reliance and inspiring hope for the future. Below are their projections for the rest of 2020 and 2021. The OPEC Fund for International Development Young Professional Development Program 2020 is a highly structured program which would span for two years and specifically designed to prepare young professionals from OPEC Fund member countries for a career in global development. . The organization’s efforts strengthen infrastructure and human capacity across inter-related fields such as energy, transportation, agriculture, water and sanitation, health, and education, in some 135 countries. The OPEC Fund was established by OPEC Member Countries in 1976. The OPEC Fund for International Development is a multilateral development finance institution established in 1976. The OPEC Fund works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. Deadline: September 21, 2020. #KomOmbo will serve 130,000 households and generate 200 MW of renewable energy ... Country's largest international donor in water and sanitation sector. *. July/2020 OPEC Fund and Davivienda support MSMEs and job creation in Colombia Vienna, Austria, July 2020. The OPEC Fund’s cumulative commitments to sustainable development amount to more than US$25 billion. About the OPEC Fund Internship Program. The Fourteenth of September 2020 is a very special day for OPEC. Apply for Internships Program 2020 at OPEC Fund for International Deployment Leave a Comment / internships , The Opec Fund for International Development / By eajobs OPEC Fund offers an internships program to enable students from a variety of academic backgrounds to gain work experience with an international organization. The … The OPEC Fund is a development finance institution established by the member states of OPEC in 1976. OPEC Fund for International Development – OFID (OPEC/OFID) Scholarship 2020 is currently on and it is for those who are qualified; that is, you who … Our work is people-centered & focused on meeting ... Lake Issyk–Kul is the world’s 2nd-largest saline lake & attracts some 1 million tourists to #Kyrgyzstan annually. In addition, the OPEC Fund has provided emergency aid grants in the aftermath of different crises. Apply for OPEC Fund Recruitment 2020 – OPEC is currently recruiting for any interested and qualified persons to apply for the job vacancies listed below. They are currently seeking applicants with a passion for and commitment to international development who demonstrate academic excellence and relevant professional experience. OPEC Fund Recruitment job vacancies 2020. @TheOPECFund DG signed a loan agreement to finance #Egypt’s largest private solar power plant with 200 MW capacity. OPEC/OFID was created in the Organization of the Petroleum Exporting Countries (OPEC) which is a group consisting of 14 of the world’s major oil-exporting nations, to initiate a program. . In January 2019, the OPEC Fund signed a term loan of up to €50 million with Nachtigal Hydropower Company (NHPC) for the development, construction and operation of a 420 MW hydropower plant in Cameroon. Der OPEC-Fonds für Internationale Entwicklung (englisch OPEC Fund for International Development; OFID) ist Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. *, The OPEC Fund has approved almost 4,000 projects across Public (1,617); Private and Trade Finance (500) sectors, as well as Grants (1,880). The US was simultaneously the world's largest producer and con… At the time, some of the world's largest oil fields were just entering production in the Middle East. Monthly Oil Market Report 2020 The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market … This sees the Organization celebrate its 60th anniversary. All developing countries, with the exception of OPEC Fund or OPEC Member Countries, are in principle eligible for assistance. * *As of March 31, 2020. The non-projected data here and below is through April 2020. OPEC Fund Youth Professional Development Program (YPDP) 2020 Such individuals should apply for the OPEC Fund Youth Professional Development Program (YPDP) 2020 As a result, it is a structured bi-annual program designed for young professionals for careers in international development in OPEC member countries. Deadline: October 1, 2020 Applications are open for the OPEC Fund Internship Program 2020. @TheOPECFund’s US$50 million loan will increase efficient power generation capacity in #Uzbekistan and reduce GHG emissions by 2.2 ... US$15m loan enhances energy access in rural areas. In 1949, Venezuela and Iran took the earliest steps in the direction of OPEC, by inviting Iraq, Kuwait and Saudi Arabia to improve communication among petroleum-exporting nations as the world recovered from World War II. @RaniaAlMashat @MOICEgypt ... A new project will strengthen the resilience of agricultural production systems. Our US$10m loan ... Pursuing Sustainable Development Goal (SDG) 1: Zero poverty – in Tanzania. ... #tuesdaytrivia We have committed US$22 billion+ to development projects in over 125 countries. OPEC controls oil prices through its pricing-over-volume strategy. The OPEC Fund offers an Internship Program enabling students from diverse academic backgrounds to experience work with an international organization. The OPEC Fund’s cumulative commitments to sustainable development amount to more than US$25 billion. One team emerged victorious... Equipping people with vocational skills enables them to contribute more to society. The OPEC Fund continuously strives to build on its founding principle of South-South solidarity, particularly with low-income countries, and by focusing on people and partnerships, it maximizes development impact in an increasingly complex and challenging development landscape. The OPEC Fund Internship Program 2020 spans for a period of two to six months and is mainly designed and orchestrated to; Provide a framework to support students who are assigned to any OPEC Fund department so that … The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria. By providing affordable development finance to countries and regions that often find funds difficult to secure, the OPEC Fund is helping to solve market challenges in a market-supportive manner, while promoting cooperation with and among more vulnerable parts of our world. The OPEC Fund’s Young Professional Development Program (YPDP) is a structured two-year program designed to prepare young professionals from the OPEC Fund’s member countries for a career in global development. In its April World Economic Outlook, subtitled ‘The Great Lockdown’, the International Monetary Fund forecasts the global economy will contract by an estimated three per cent in 2020, which is worse than during the 2008 and 2009 financial crisis. © 2021 Organization of the Petroleum Exporting Countries. Few would have foreseen six decades ago that the Organization would have risen to the heights it has today in the global energy arena. Context : Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of the OPEC+ supply cut agreement with Russia. #RestoreOurEarth is bigger than one solution. 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