NO. 4


OPEC & Supply/Demand

Nigeria Plans Output Capacity of 2.4mn B/D by 1994

Nigeria's Petroleum Resources Minister Jibril Aminu said his country isplanning to boost crude oil production capacity to 2.4mn b/d by 1994. Speakingin London on 19 October during the Oil and Money Conference, Mr. Aminu said theNigerian Government and major oil companies had examined the prospect andconcluded that the target was realistic. The plan will take $5bn-$7bn tocomplete, Mr. Aminu...