OPEC AND OIL PRICES
Lukman Denies Netback Pricing
Nigerian Oil Minister Rilwanu Lukman has denied reports that Nigeria hassigned oil sales contracts priced on a netback basis. Speaking to reporters inKaduna on 28 January, Mr. Lukman said that nearly all OPEC members are atpresent facing customer resistance to official prices, but that "there isno truth whatsoever" in allegations that Nigeria is resorting to netbackpricing to restore production levels. "People...