Tag Archives: OPEC

Nigeria nominates Barkindo to replace El-Badri at OPEC

Delegates with the Organization of the Petroleum Exporting Countries (OPEC) have said Nigeria has nominated the former chief of its state oil company, Nigerian National Petroleum Corp. (NNPC) to be the next secretary-general of OPEC, potentially ending a deadlock over the cartel’s leadership,Nasaq reports. The nomination of Mohammed Barkindo was put forward in recent days…
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OPEC says Nigeria, four oil exporters hit by falling currency value

The Organisation of Petroleum Exporting Countries (OPEC) has said that five oil exporting countries, including Nigeria,  Angola, Venezula,  Azerbaijan, and Russia are mostly affected by falling  currency value, The Nation reports. OPEC, in a paper detailing the impacts of recession on the global oil market, said the countries were picked among several others as having…
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OPEC members increasingly keen to end oil glut – Kachikwu

Nigeria’s minister of state for petroleum resources, Emmanuel Ibe Kachikwu has indicated that the mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Reuters reports. “There’s increased conversation going on. I think when…
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Nigeria’s crude oil production up by 252,800bpd in Jan – OPEC

Nigeria’s crude oil output increased by 252,800 barrels per day in January, up from the 1.697 million barrels per day it recorded in December to 1.949 million barrels per day, The Guardian reports. This development has also boosted the total production of the Organisation of Petroleum Exporting Countries (OPEC) in the month under review. The price…
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